Fixed Income – Page 19
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NewsMandate roundup: Benelux investor tenders €300m EM all-caps brief via Quest
ESG bond, commodities and Canadian equity mandates add to live tenders on IPE Quest
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Opinion PiecesViewpoint: Swap spreads at stress levels
Asset swap (ASW) spreads are currently trading at historically high levels as volatility in rates markets has remained high. We believe there is an opportunity for continental European pension funds to enter into Euribor receiver swaps and sell Bunds in their matching portfolio. Indeed, we expect that the peak in ...
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News
Thermal coal mining bond in ESG ETF but now sold, data coverage rectified
Bond was issued by SPV that was initially not linked to the parent, Siberian Coal Energy JSC
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News
BlackRock: Institutions to help drive global bond ETFs to $5trn by 2030
Asset manager upgrades forecast ‘despite the most challenging fixed income market in decades’
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NewsMandate roundup: Swiss pension fund seeks manager for index strategies
Plus: Italian scheme signs up to BNP Paribas’ ESG platform; Mercer wins OCIO contract
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FeaturesFixed income, rates & currency: Markets grapple with inflation and slowdown
The global outlook for economic growth is deteriorating, with repeatedly revised economic forecasts pointing to ever-higher inflation and lower GDP growth. The far-reaching impacts of the Russia-Ukraine war, moving principally through energy and commodity channels, have exacerbated so many of the world’s existing pandemic-related supply-side bottlenecks, which had been gradually easing in the weeks and months before Russia invaded.
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News
Generali Investments buys EIB digital bond tokens on Ethereum blockchain
Early move by Italian asset manager in digital bond secondary market as blockchain edges towards the mainstream
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FeaturesFixed income, rates & currencies: War and inflation dominate
While we watch horrible scenes of towns and cities under bombardment, their bewildered and bloodied citizens desperately searching for safety, the huge shockwaves generated by the Russian invasion of Ukraine are spreading rapidly far beyond both countries’ borders.
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Asset Class ReportsCredit: Investors cautious over Ukraine war
Despite geopolitical tensions, inflation and rising costs, private debt market remains optimistic after a record 2021
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Asset Class Reports
Credit: EU raises the green bond stakes
The EU is considering making its Green Bond Standard mandatory
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Asset Class ReportsCredit: Anthropocene fixed income
Former credit portfolio manager Ulf Erlandsson is on a mission to shake up the bond markets’ climate-change credentials
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NewsInvestment pool duo launches new funds claiming £4.6bn in LGPS assets
Border to Coast launches £1.4bn listed alternatives fund, while ACCESS adds £3.2bn to the LGPS pool
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FeaturesBriefing: High yield off to a rough start to the year
High yield did not have a good start to the year. Rising inflation and a more hawkish central bank tone in the US and UK triggered panic selling in January. However, as the dust settles and bad news is priced in, the asset class looks more appealing than other fixed-income segments. Easy pickings may be gone, though, and opportunities will have to be selected carefully.
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FeaturesFixed income, rates, currencies: Inflation spotlight on central banks
Not often far from the action, central banks have been centre stage in 2022 as one after another in the developed markets reveal their hawkish intents. The speed and synchronicity with which they have shifted has been pretty remarkable, with only the Bank of Japan not yet joining other main central banks.
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NewsSwedish buffer funds: AP3 posts 21% while PE-only AP6 returns 49%
Listed equities, alternatives and krona weakness power returns in 2021, says AP3
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News
Alecta sees current volatility creating good credit opportunities
Swedish pension fund reports 24% return for 2021; thanks rising stock markets, strong property market and own work to find fixed income returns
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News
KLP, Nordic banks, launch transition financing code for shipping
‘Guidelines for Transition-linked Financing’ for the shipping industry aimed at increasing transparency around firms seeking rate discounts on loan/bond financing
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NewsSustainable bond issuance growth to slow on way to $1.35trn total in 2022 – Moody’s
Prediction that sustainability-linked bond issuance to more than double, however
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FeaturesFixed income, rates, currencies: COVID starts to lose grip on GDP
COVID’s huge influence on all our lives, whether through disruption of global supply chains or threats of lockdowns in the face of soaring infection rates, was reasonably constant throughout 2021. However, it now appears that GDP numbers have become generally less sensitive to COVID infection rates than they were, say, 18 months ago, with high vaccination rates (certainly across developed markets), and an awareness from politicians that the public’s willingness to comply with lockdowns may be waning fast.
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News
Tech stocks and property drive Norway SWF’s second best NOK returns
‘Clearly we don’t expect this development to continue like this,’ says Tangen
