Liquidity Conditions and Trading Costs around Christmas and the New Year
This post examines historical trading volumes in December for equities and investment grade credit and offers advice to investors considering implementing changes to their portfolio allocations before the end of the year.
Fallen Angels - Capitalizing Upon an Attractive Segment of the High Yield Market
High yield fallen angels have significantly outperformed original issue high yield (in both absolute and risk-adjusted terms) with fairly high consistency, across regions and currencies. We attribute the superior performance of fallen angels to both structural factors (such as forced selling) and human behavior—factors which we believe are still valid today. High yield investors should consider a strategic overweight to this segment of the high yield universe and investment grade investors should avoid constraints that lead to forced selling (to the extent possible).
Capital Preservation in DC Plans Deserves a Second Look
Though it may be easy to overlook an asset class generally characterized by safety and stability, it is imperative for plan sponsors to take a second look at the capital preservation options in their programs and evaluate the fiduciary implications associated with the offerings.
Investigating Insurance Linked Securities
What are Insurance Linked Securities? How is the ILS market evolving and why should an investor be interested? What are the risks? Is now the right time to invest? How can the investor best access the asset class? This post addresses these questions.
A Market Environment Discussion (Video)
Aon Hewitt sat down with Investment Strategist, Russ Koesterich, to discuss Central Bank Activity, interest rates, the market environment, and much more.
Improving Fixed Income Portfolios Benchmarked Against the Barclays U.S. Aggregate
Aon Hewitt recently completed its most comprehensive research in several years on fixed income portfolio construction, focusing on ways to improve portfolios typically benchmarked against the Barclays U.S. Aggregate Index (as opposed to those customized to hedge liabilities).
Pourquoi autant de négativité?
Ce texte tente d’expliquer pourquoi les taux obligataires mondiaux ont soudainement augmentés.
Why all the negativity?
This post addresses why global bond yields have suddenly moved higher.
What is Multi Asset Credit?
Multi Asset Credit (MAC) is a strategy which focuses on lending to companies and other credit related entities, which we refer to as credit. It is broader in scope than a traditional investment grade corporate bond strategy as it also allocates across various types of credit. There is value to be had on a number of counts, not least is the importance not be held captive to an underperforming sector by benchmarking.
Opportunistic Strategies for Navigating a Changing Credit Landscape
New bank regulations implemented in response to the global financial crisis have led to a reduction in bank lending activity that has long-term implications for the way businesses and consumers borrow. That dynamic presents opportunities for alternative credit providers, such as opportunistic credit investment funds, to step in where banks are pulling out