Best Fixed Income Thought Leadership
Your Investment Content Club Best Fixed Income Thought Leadership finalists are:
- First Eagle Investments
- M&G Investments
- Norges Bank - Goverment Pension Fund
- PGIM Fixed Income
- S&P Dow Jones Indicies
Review the outstanding entries submitted for consideration in the Best Fixed Income Thought Leadership category for the 2024 Investment Content Club Awards below.
First Eagle - Structured Credit: Seeing the Forest for the Trees
This paper introduces structured credit as an essential part of the U.S. fixed-income market, where assets such as loans and mortgages are pooled to create securities with appealing yields. The asset allows investors to enjoy a number of benefits, such as lower default risks, built-in protections, and diversification. Structured credit has shown resilience and, with skillful management, offers a solid option for those seeking reliable, risk-adjusted returns.
M&G - High Yield Structured Credit in the European Market
M&G’s paper looks at the structured credit market, showing how various pooled assets, including loans and mortgages, can generate high-yield securities to diversify portfolios. This approach often includes safeguards, such as lower default rates and priority in payments, which helps it hold up even during market shifts. With expert management, structured credit presents a compelling choice for experienced investors aiming to boost yield.
Norges Bank - Goverment Pension Fund - Investor Demand and Government Bond Pricing
Norges Bank’s paper examines how demand from various investor groups, impacts government bond pricing. It reveals that non-bank investors are generally more responsive to bond prices, whereas domestic banks are often less reactive. It also details how rising debt levels usually push yields higher, with these effects differing across countries, particularly during periods featuring quantitative tightening.
PGIM Fixed Income - Five Over Five - The Structural Shifts Taking Place In EM
In this paper, PGIM Fixed Income outlines five major shifts likely to influence emerging markets over the next five years. Some of the key trends discussed include potential rate cuts as inflation eases, more sustainable debt as economies mature, improving debt ratios, youthful demographics driving growth, and resilience from global power shifts. Together, the paper says, these shifts hint at a promising outlook for emerging market investments.
S&P Down Jones Indices - Economic And Market Outlook For 2024: A Return To Sound Money
S&P explores the possibilities of passive investing in the bond market, emphasizing benefits that include lower costs and broader diversification. While passive strategies have gained ground in equities, bonds pose unique challenges, such as liquidity and credit risk. This research underscores the need to understand these factors as the market continues to evolve. By comparing passive and active strategies, the paper suggests both can coexist, offering investors different advantages.
