Where next for credit markets?

In breve

Simon Thorp, co-manager of the Aperture Investors SICAV - Credit Opportunities Fund, and UK Chief Investment Officer of Aperture Investors Ltd, explains why actively managing credit exposure is crucial at a time when markets are priced for perfection.

Caution required for the next phase of the credit cycle

Credit markets right now are priced for perfection, with very low yields and very tight spreads. Central bank intervention is still the main force driving buoyant credit markets. The US Federal Reserve alone are buying around $120bn of fixed income instruments out of the market every day and have been for the last 18 months.  But we’ve got to be cognisant of the fact that we’re probably mid-to-late credit cycle here and a bit of caution is required as the best of the beta trade is likely over. Watch the video or read the article to find out more!

If you would prefer to read Giulia’s interview, you can find a write up here:

Picture

© Generali Investments, tutti i diritti riservati. Questo sito web è fornito da Generali Investments ed è considerato come una comunicazione di marketing e una promozione finanziaria riferita ai prodotti e servizi delle società elencate di seguito, appartenenti al Gruppo Generali: Generali Asset Management S.p.A. Società di gestione del risparmio & Generali Investments Luxembourg S.A. (nel prosieguo, congiuntamente indicate come Generali Investments). Inoltre, il sito può contenere comunicazioni di marketing e promozioni finanziarie di prodotti e servizi di società appartenenti alla piattaforma coordinata da Generali Asset Management S.p.A. Società di gestione del risparmio, nello specifico di Infranity, Sycomore Asset Management, Aperture Investors LLC., Plenisfer Investments SGR, Lumyna Investments, Sosteneo Infrastructure Partners SGR e Generali Real Estate S.p.A. Società di Gestione del Risparmio