2 Jul 2025 Market Update European fixed income offers value, not just diversification The turbulent start to 2025 has sent many investors seeking alternatives to US assets, but in our view European fixed income can offer more than just diversification. Read more
18 Jun 2025 TwentyFour Blog Watching spreads and structures as ABS momentum builds Last week marked another record-breaking year for the securitisation industry as over 5,500 market participants gathered in Barcelona for the annual Global ABS conference, surpassing last year’s attendance and reflecting the growing momentum across both public asset-backed securities (ABS) and private asset-backed finance (ABF) markets. Read more
11 Jun 2025 Market Update Tariff turnaround resets the outlook for fixed income While tariffs have done meaningful damage to the economic outlook and raised volatility in rates markets, the softening of the US stance has restored confidence in credit returns for 2025. Read more
22 Apr 2025 TwentyFour Blog What next for European ABS post-tariffs? Markets settled down last week thanks to the absence of headlines around tariffs. There is a universal acceptance that uncertainty and volatility will remain, though a series of constructive data prints relating to inflation and labour markets have now been navigated, and investors are shifting their focus to how central banks will weigh up the growth and inflationary impact of tariffs at the next round of meetings. Read more
1 Apr 2025 Market Update Asset-Backed Securities Quarterly Update – April 2025 As the first quarter of 2025 concludes, TwentyFour Asset Management’s Pauline Quirin shares her take on the strong performance of the securitisation market and insights for European ABS and Collateralised Loan Obligations (CLOs). Watch now
18 Mar 2025 TwentyFour Blog What does shifting sentiment mean for ABS and CLOs? Last week we wrote about a notable shift in market sentiment and how this had impacted our view of relative value within fixed income. So, where has the impact been felt, and has it changed our view on relative value? Read more
28 Jan 2025 TwentyFour Blog CLO popularity growing but secondary could offer better value It has been two weeks since the primary market for collateralised loan obligations (CLOs) re-opened and 2025 has already proven to be quite a year from multiple angles. Read more
22 Jan 2025 Market Update Asset-Backed Securities Quarterly Update – January 2025 As the fourth quarter of 2024 comes to a close, TwentyFour Asset Management’s Douglas Charleston reflects on the past year’s events and explains why, in his view, the record supply of European ABS and CLOs in 2024 is likely to be matched in 2025. Watch now
9 Dec 2024 TwentyFour Blog A difference of opinion in US and European CLOs Last week, members of TwentyFour’s asset-backed securities (ABS) portfolio management team were in Dana Point, California for the Opal Group CLO Summit, an annual event with over 2,000 participants made up of investors, bankers, CLO managers, service providers and lawyers. Read more
5 Dec 2024 Market Update Rates uncertainty prolongs ABS buying opportunity With fresh uncertainty surrounding the path for interest rate cuts, we believe the high current income and typically lower volatility offered by European asset-backed securities (ABS) and Collateralised Loan Obligations (CLOs) make them an attractive allocation option for this stage of the cycle. Read more
10 Oct 2024 Market Update Asset-Backed Securities Quarterly Update – October 2024 As the third quarter of 2024 comes to a close, TwentyFour Asset Management's Aza Teeuwen reflects on what this has meant for the Asset-Backed Securities (ABS) team. Not only were volumes across European ABS elevated throughout July and August, we also saw €34 billion in primary issuance – a significant increase from previous years. Watch now
20 Sep 2024 Market Update CLO Update Pauline Quirin, Portfolio Management, provides an update on the global Collateralised Loan Obligation (CLO) market, highlighting why we think CLOs are positioned to deliver the strongest performance across fixed income markets for the rest of the year. Watch now