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Snapshot  |  April 10, 2024

Muzinich Asset Allocation Group Monthly Update - April 2024

Please click to watch our latest Asset Allocation Group video update for the month of April 2024.

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Insight  |  April 9, 2024

Tighter for longer? The prospects for high yield

In our latest Q&A, Bryan Peterman and Thomas Samson share their thoughts on whether US and European high yield is expensive and the opportunities and risks of the looming maturity wall facing issuers.

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Insight  |  April 8, 2024

Muzinich Weekly Market Comment: Hiding in plain sight?

In our latest round-up of developments in financial markets and economies, we consider whether the market is right to brush off several potential risks.

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Snapshot  |  April 4, 2024

Corporate Credit Snapshot

Global credit delivered positive returns in March.

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Viewpoint  |  April 3, 2024

Close Up: What’s really going on with credit spreads?

Portfolio manager Ian Horn discusses the latest developments, themes and opportunities in the investment-grade market.

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Viewpoint  |  March 26, 2024

Small is beautiful: Opportunities in US direct lending

With higher rates and other pressures seeing US banks scaling back loans to small and medium-sized businesses, Michael Smith explains how private players can help fill the gap.

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Insight  |  March 25, 2024

Muzinich Weekly Market Comment: A super week for central banks?

In our latest round-up of developments in financial markets and economies, we consider the implications of a major week for monetary policy announcements.

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Analysis  |  March 25, 2024

Incremental yield: The hidden value in European high yield

Standard spread metrics might suggest value is hard to find right now in European high yield. But investors should also pay attention to current bond prices, as Jamie Cane explains.

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Podcast  |  March 22, 2024

Muzinich UK Private Debt Special

Muzinich Co-Heads of UK Private Debt, Grant Davidson and John Clifford give an update on the UK Private Debt market and share their thoughts on the key considerations for investors in our latest Podcast.

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Insight  |  March 21, 2024

EM Monthly: Have China’s policymakers done enough?

In the first of a new series, portfolio managers Warren Hyland and Mel Siew scan the emerging market universe to pick the stories investors need to know.

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Viewpoint  |  March 19, 2024

Global Syndicated Loans: Four reasons the asset class could outperform again in 2024

After a stellar 2023, underpinned by supportive technicals and rising interest rates, will syndicated loans enjoy a repeat this year?

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Insight  |  March 18, 2024

Muzinich Weekly Market Comment: Green light for Bank of Japan?

In our latest round-up of developments in financial markets and economies, we consider the implications of an end to Japan’s negative interest-rate regime.

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Insight  |  March 11, 2024

Muzinich Weekly Market Comment: All Eyes on Fed, ECB - Again

In our weekly take on the key developments in financial markets and economies, we look for any signs of wavering by major central banks and consider what to make of the latest stimulus measures in China.

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Viewpoint  |  March 8, 2024

Close Up: The Great Compression

In the first of a monthly visual series to explore key themes in the credit markets, portfolio manager Ian Horn looks at where he sees the best value in credit spreads, the impact of shortening market duration, and how flows are moving back into credit products.

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Analysis  |  February 2, 2024

Staying in Short-Dated Credit to Potentially Take Advantage of Rate Curve Steepening

How will the normalization of the yield curve impact credit investors?

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Viewpoint  |  January 30, 2024

The 5 Phases of US High Yield Energy

US high yield energy today potentially offers a compelling investment choice following over a decade’s worth of events that have shaped the sector.

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Insight  |  January 24, 2024

Emerging Market Corporate Debt - 2024 Outlook

A positive macroeconomic backdrop, improving corporate fundamentals, limited supply, a majority local buyer base, attractive yields and expectations that defaults will remain range bound we believe make a compelling case for emerging market corporates in 2024.

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Viewpoint  |  January 19, 2024

Private Debt - Opportunity in the Midst of Confusion

Trends in the global economy are likely to continue to make private debt a compelling investment choice in 2024.

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Viewpoint  |  January 16, 2024

US High Yield 2024 Outlook

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?

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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.

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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.

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