Interest in ESG strategies has grown rapidly in recent years as investors have looked for ways to ensure their investments can have a positive societal impact. Within fixed income, much of the focus has been on the ‘green’ credentials of government and corporate bond issuers, but we believe the natural ESG advantages of asset-backed securities (ABS) have so far been overlooked.
In this virtual session, Ben Hayward (Partner & Portfolio Manager) and Elena Rinaldi (Portfolio Manager) will explain why ABS may offer an attractive alternative for investors looking for ESG-friendly options within fixed income. Ben and Elena will outline the team’s approach to ESG risks in ABS, and explain how engagement with issuers over ESG issues such as lending standards and treatment of borrowers is an integral part of their investment process. Moving one step further, Ben and Elena will then discuss how they score ABS bonds from an ESG perspective and the positive screening they undertake for our sustainable ABS fund.
Please find access to the replays of our most recent events below.
After a tumultuous 2020 which nonetheless delivered strong returns in many asset classes, fixed income investors are expecting a more normalised trading environment in 2021.
In this global investor update on January 7, TwentyFour CEO and portfolio manager, Mark Holman, presented his outlook for the global bond markets in 2021 before taking questions from viewers.
Among other topics, Mark explained why he sees credit spreads in both investment grade and high yield markets making new lows against government bonds early in 2021, and why he likes sectors such as corporate hybrids, subordinated financials and European CLOs. He also discussed his bearish outlook for the major government bond curves and the prospect of global stimulus efforts feeding through to increased inflation in 2021, as well as giving his views on emerging markets and the growth of green bonds.
Partner and Portfolio Manager Gary Kirk and George Curtis from the Multi-Sector Bond portfolio management team provide an update on the TwentyFour Select Monthly Income Fund.
Partner and Portfolio Manager Aza Teeuwen and Elena Rinaldi from the ABS portfolio management team provide an update on the TwentyFour Income fund.
Our 2020 Fixed Income Festival was an exclusive virtual conference featuring a series of short live sessions, interactive Q&A's and a huge library of on-demand content. Mark Holman headlined the main stage where he was joined by Ian Shepherdson, Founder and Chief US Economist at Pantheon Macroeconomics. This was followed by live interactive TwentyFour Breakout sessions across our ABS Stage, IG Stage, MSB Stage and ESG tent where the portfolio managers provided detailed updates on portfolio performance and market outlooks. On-demand links to each of the sessions can be found below.
Partner and Portfolio Manager Aza Teeuwen and Geoffrey Horton, CLO and Loan Strategist at Barclays discuss the impact of COVID-19 on the leveraged loan and CLO markets and how they expect this to develop in the rest of 2020.
