UK

When market participants were asked at the end of last year to enumerate the main risks investors would face in 2024, the vast majority of those surveyed counted politics and elections amongst the top factors to consider for the unrewarding task of forecasting total returns for major asset classes over the following twelve months.

TwentyFour Asset Management’s Chris Bowie, takes a closer look at how he is thinking about duration within fixed income portfolios and shows how following conventional wisdom on duration might prove costly for some investors this year.

On this webinar, Gordon Shannon (Partner, Portfolio Management) provided an introduction to our new sustainable, global investment grade fund Sustainable Global Corporate Bond Fund, in light of its upcoming launch.

The European asset-backed securities (ABS) market saw a record issuance last week with €5bn of primary issuance.

The most important event this week is likely to be this Wednesday’s US Consumer Prices Index (CPI) release.

The first four months of this year have seen €11.6bn in gross Additional Tier 1 (AT1) issuance from European banks, across euros, dollars and sterling markets.

Money supply measures such as M1 and M2 enjoyed a relatively brief period of fame and glory just after the pandemic.

Following yesterday’s release of Italian energy company Enel's 2023 annual sustainability report, it was confirmed that they had failed to meet the emissions reduction key performance indicator (KPI) linked to a number of their sustainability linked bonds (SLBs).

On this webinar in our Spotlight on ESG series, a member of our Investment Grade team discussed fossil fuel financing and how we engage with banks on this subject.

Volatility made an unwanted come back this week. A combination of rising tensions in the Middle East, strong Consumer Price Index (CPI) and labour market data in the US in previous days, and markets that looked somewhat expensive in certain sectors, all conspired to cause a widening in spreads and a correction in equity prices.

The US Consumer Price Index (CPI) surprised on the upside for the third month in a row. There was nowhere to hide in the release with a majority of sub categories and sub aggregates posting worse numbers than expected.

We previously blogged about Thames Water in July last year but it’s rapidly refloated to the top of UK credit market concerns. Following more recent events, where do we think Thames Water go from here?