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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:

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