Viewpoint | January 16, 2024
After a strong performance in 2023, what does the coming year have in store for US high yield and is this a good time to allocate?
Viewpoint | December 22, 2023
The Impact of Higher Rates on Developed Market High Yield: Headwind or Opportunity?
After over 18 months of interest rate hikes, developed market policy rates may have peaked. Rate cuts potentially turning into a tailwind would be good news for fixed income returns. In a ‘higher-for-longer’ environment, rates could stay elevated, which has implications for high yield issuers’ cost of refinancing and access to the primary bond market.
Viewpoint | December 12, 2023
Yield - A Gift That's Difficult to Ignore - 2024 Public Market Credit Outlook
We expect credit markets to offer generous total returns in 2024, amid positive carry and range bound credit spreads.
Podcast | November 28, 2023
Muzinich Enhancedyield Strategy reaches 20 Year Anniversary
Muzinich's Co-Head of Public Markets, Tatjana-Greil Castro gives an update on the Enhancedyield Strategy as it reaches its 20 year anniversary in our latest 3 Under 5 Podcast.
Podcast | November 21, 2023
The Muzinich Insurance Podcast
Please click to listen to our inaugural Insurance Podcast. Over a series of podcasts, we'll be tackling a range of insurance asset management topics, which we hope will provide useful insights for our insurance clients and contacts when thinking about their own investment decisions.
Podcast | November 14, 2023
Podcast - The potential benefits of Emerging Market Debt in a diversified portfolio
Muzinich's Head of Emering Market Credit, Warren Hyland gives an update on the Emerging Market Corporate Credit lanscape and the potential benefits of Emerging Market Debt in a diversified portfolio in our latest 3 Under 5 Podcast.
Podcast | November 7, 2023
Podcast - Muzinich Global Tactical Credit Strategy reaches 10 Year Anniversary
Muzinich's Co-Head of Public Markets, Mike McEachern gives an update on the Global Tactical Credit Strategy as it reaches its 10 year anniversay in our latest 3 Under 5 Podcast.
Insight | October 17, 2023
European High Yield – Opportunities for Active Managers
Increased convexity, limited supply and the return of dispersion we believe is resulting in a compelling opportunity in European high yield.
Podcast | October 13, 2023
Podcast - Muzinich Aviation Finance Explained
Muzinich's Global Head of Aviation Finance, Alok Wadhawan gives an update on the asset class in our latest 3 Under 5 Podcast.
Podcast | October 10, 2023
Podcast - Three reasons why investors might consider European High Yield
Portfolio Manager Thomas Samson discusses why investors might consider High Yield in our latest 3 Under 5 Podcast.
Snapshot | October 3, 2023
In Conversation: ESG in Emerging Markets - Applying sustainability factors to EM credit portfolios
Muzinich & Co’s new ‘In Conversation’ series seeks to uncover how our investment professionals approach specific elements in their investment strategies. Here we talk to Portfolio Manager Warren Hyland, who has been managing our emerging market strategies for 10 years.
Viewpoint | September 22, 2023
Staying in Short-Dated Credit as the Rate Curve Dis-Inverts
How will the dis-inversion of the yield curve impact credit investors?
Insight | August 4, 2023
US High Yield – Different This Time Around?
It’s been a strong year for US high yield with the market up close to 7% year to date1.
Podcast | July 19, 2023
Podcast - The Relationship between Interest Rates and Credit Spreads
Portfolio Manager Ian Horn discusses the relationship between interest rates and credit spreads with Erick Muller in our latest 3 Under 5 Podcast.
Insight | July 6, 2023
Where Are We in the Credit Cycle?
While credit markets have performed relatively well year to date, the macroeconomic backdrop, inflation and the reaction function of central banks remains uncertain. Mike McEachern discusses his thoughts on the key macro themes influencing credit markets and how he is positioning his multi-asset credit strategies to navigate this uncertain environment.
Insight | June 28, 2023
European Syndicated Loans – Three Reasons to Consider an Allocation
A rising interest rate environment, limited new issue supply and improving lending standards are likely to prove beneficial for the asset class, offering investors a potentially compelling entry point.
Insight | June 26, 2023
Lower Middle Market Private Credit – A Golden Vintage
How challenges in the US banking system could create an opportunity for lower middle market private credit investors.
Insight | June 21, 2023
Why Negative Correlation in Credit is Positive
The return of differentiated behaviour between investment grade and high yield could prove beneficial for investors in crossover strategies.
Insight | June 20, 2023
Private Debt – Opportunities in the Lower Middle Market
Ongoing bank disintermediation and tighter regulations have resulted in private lenders becoming a fixed part of the lending landscape. The US market is the most established, followed by Europe with the Asia Pacific catching up fast.
Viewpoint | April 27, 2023
Short Duration Credit – Consensus Should Not Drive Conviction
In times of uncertainty, we believe it makes sense to optimise return potential across a range of possible outcomes, rather than maximise it based on a particular scenario.
Insight | April 12, 2023
Fixed Maturity Portfolios – Time to Lock in Income?
How can investors seek to lock in potentially higher yields without taking undue credit risk?