Long-duration Fixed Income: Market Conditions and Implications for Pension Plans and Insurers

Long-duration fixed income can play an important role in portfolios attempting to hedge against pension or long insurance liabilities, deflation, equity risk or simply taking a view that long-duration yields will decrease.

  • June 1, 2021
Volatility: Banking on Behavioural Economics

Why a rise in regulation and the exogenous shock of a pandemic have skewed the volatility risk premium firmly in investors’ favour.

Risk Factors and Total-Return Options for Insurers

Investors appear to be focused on the government’s pandemic-related stimulus and vaccination programs, and are questioning inflation expectations and the implications for real yields.

  • May 6, 2021
Yield Curve Control: An Experiment in Real Time

We believe this is an exceptional period in global market monetary policy. In real time we are witnessing several countries using yield curve control (YCC) policies in varying forms.

  • April 27, 2021
Loomis Sayles on Loans - Q1 2021

A quarterly look at data and topics in the syndicated loan market.

  • April 26, 2021
Loomis Sayles Investment Outlook – Q2 2021

Economic and earnings growth may exceed consensus expectations if the global economy continues to accelerate. Though we anticipate higher US Treasury yields, we doubt a modest rise in rates could meaningfully derail credit and equity market performance in the months ahead.

  • April 13, 2021
Second Wave of Coronavirus Pandemic, Value in Euro Corporate Credit

Ostrum AM analyses the impact of the pandemic on the Euro credit market.

  • December 4, 2020
Loomis Sayles on Loans - Q3 2020

A quarterly look at data and topics in the syndicated loan market.

  • October 20, 2020
Investment Outlook - July 2020

The global economy is transitioning from the downturn phase of the credit cycle into credit repair.

  • August 18, 2020
Horizons Q3 2020: Discover Ostrum AM’s latest quarterly outlook

Ostrum Asset Management expert’s economic and market analysis

  • July 28, 2020
Covid Bonds – an Emergency Aid Funding Method Worth Addressing Selectively

Ostrum AM has taken a closer look at this market to assess its features, opportunities and limitations of this new product.

  • July 16, 2020
Are Your Leveraged Loans Performing?

Amid high market stress, robust strategies can continue to deliver.

The Decline of the Distressed Debt Investor?

In times of an economic slowdown where businesses are fighting to stay alive, a distressed debt investor has a potentially fertile hunting ground.

  • May 22, 2020
Three Questions on Credit: Corporate Debt & Downgrades

How much of the IG market is likely to be downgraded? Possibly a lot more than anticipated just over a month ago.

  • May 12, 2020
Loomis Sayles - Growth Equity Alpha Thesis 2020

For investors, a major challenge is to identify those portfolio managers who are most likely to deliver superior risk-adjusted returns in the future. Understanding how an investment philosophy informs a manager’s decision-making can provide meaningful insights into how and why a particular manager generates alpha.

  • April 30, 2020
Is it Time to Invest in Global Credit?

Q&A with Loomis Sayles Global Fixed Income Portfolio Managers

  • April 27, 2020
Three Questions on Credit: Consumer ABS

Consumer asset-backed securitized (ABS) sectors should continue to face headwinds as consumers feel the full impact of the dramatic economic slowdown ignited by the COVID-19 outbreak.

  • April 16, 2020
Is it a Prime Time for Credit?

Michael Crowell and Tom Fahey of Loomis, Sayles, & Company look at how periods of maximum uncertainty often make the most attractive entry points.

  • April 16, 2020
Three Questions on Credit: Opportunities for Insurance

The extreme shock caused by COVID-19 came at a time when global central bank policies were coalescing toward a more accommodative stance to keep the late expansion phase of the credit cycle going.

  • April 16, 2020
COVID-19: What is the Impact on Infrastructure Debt Worldwide?

Ostrum Private Debt Real Assets team looks into the direct and indirect impacts of the COVID-19 crisis on the infrastructure sector.

  • April 8, 2020
Horizons: Discover Ostrum AM’s latest quarterly outlook

Ostrum Asset Management expert’s economic and market analysis.

  • January 30, 2020
Loomis on Loans Q4 2019

A quarterly look at data and topics in the syndicated loan market.

  • January 15, 2020
What Problems for Life Insurers in the Euro Zone?

If neither the structure of life insurers’ assets changes, nor the level of long-term interest rates, the attractiveness of life insurance for savers may rapidly diminish.

  • December 16, 2019
European Mezzanine ABS Bonds

A fixed income alternative in a low rate environment.

  • December 11, 2019
Loomis on Loans Q3 2019

A quarterly look at data and topics in the syndicated loan market.

  • October 23, 2019
MV Credit Asset Allocation: Senior Leveraged Loans

Over 6,500 lines of data have been investigated, spanning back to 2004 to explore a comprehensive set of eight asset classes and their respective traits, highlighting return and volatility over various points in the cycle.

  • October 1, 2019
Asia High Yield Credit: A Distinctive Emerging Markets Story

Investors may view emerging markets as particularly vulnerable to volatility, since the asset class typically sees outflows during times of market stress. However, emerging markets are not all one and the same.

  • August 15, 2019
Buy & Maintain: Building Dynamic Insurance Bond Portfolios

Considering the current macroeconomic environment with little expectation for a rise in interest rates in the short term, insurers may want to consider a more dynamic approach to lock in spread levels.

Why Investing in a Multi-Asset Credit Strategy Makes Sense

Keving Kearns, Portfolio Manager and Senior Derivatives Strategist at Loomis, Sayles & Co, discusses the diversification and drawdown management benefits arising from balancing interest rates and credit risk through a multi-asset credit strategy.

Buy & Maintain

Understanding Loomis Sayles' approach for investment grade corporates

  • April 17, 2019
2018 Private Debt Annual Review

MV Credit shares their thoughts about the European leveraged loan market

  • April 12, 2019
A Look at Trend Following Strategies, Past and Present

Going into 2019, trend following strategies are positioned for potential change.

  • January 10, 2019
Macro and Markets Overview

VIDEO (34’43) – Vincent Chailley, CIO and portfolio Manager, H2O Asset Management

  • December 13, 2018
Private Debt Investing, With a Twist

Many institutions, sovereign wealth funds and family offices ploughed in to government bonds 10-15 years ago when yields were attractive. Those bonds are now maturing and need replacing.

A Bold Alternative to 'Buy and Hold' for Fixed Income

A buy and maintain strategy focuses on a desired level of income and aims to ensure the bond portfolio is not impacted by default risk as interest rates rise and economies overheat.

Enhanced Beta Video

Ostrum AM uses its long-standing expertise in the management of fixed income products to develop an "Enhanced Beta" strategy that combines the benefits of active management and the smart beta approach.

  • July 1, 2018
Inflation Linked Income Streams

A good match for fixed income investors' concerns.

Managing Global Sovereign Bonds with a Smart Lens

Scorecard for unique Enhanced Beta investment strategy.

High Yield Credit Investing Late in the Cycle

The high yield market can provide compelling investments within most stages of the economic cycle.

  • March 24, 2018
Corporate Loans Come of Age

Compared to investment grade bonds, corporate loans provide a sizeable yield pick-up and excellent risk-return characteristics relative to other credit instruments.

US Municipal Bonds

Non-US investors could benefit from allocating to US municipal bonds.

Real Asset Debt: A Substitute for Bonds?

Collateralised assets benefit insurers under Solvency II.

Solvency 2: Rethinking the Debt Portfolio

How to incorporate SCR constraints into the portfolio allocation for insurer.

2016 Global Survey of Institutional Investors

Institutional investors embrace risk in pursuit of better returns and yield, finds Natixis Global Asset Management Survey.

  • March 31, 2017
Green Bond Principles

Mirova discusses market standards and the lack of a regulatory body for Green Bonds.

  • February 11, 2017
The Greening of Corporate Culture

Rapid growth of green bonds shows that investors are seizing the opportunity to drive energy transition.

  • January 20, 2017
How to Escape the Illiquidity Trap

How to get paid for scarce capital and liquidity.

Emerging Debt: A World of Income Potential

Despite recent volatility, emerging debt still offers the potential of higher returns than developed market bonds.

Solving the Insurance Equation

Insurers need innovative investment strategies in response to regulation and low yields.

It's Time for Real Assets

Private debt can be a lower-risk, higher-yielding alternative to traditional bonds.

Real Estate, Infrastructure, Aircraft

Institutional investors are increasingly attracted by real asset private debt.

Why Indexes Need to Enter the 21st Century

Q&A with Dr. Andrew Lo.

The Real Impact of Carbon on Portfolios

Improved assessment of carbon impact could spur ESG investment and drive innovation.

Institutional Investors and the Technological Tidal Wave

With the rise of artificial intelligence, nanotechnologies and genomics, we are at the dawn of a period of intense technological progress in life sciences.

Diversified Growth Funds

Seeking to respond to rapid shifts in markets while reducing risk.

  • February 28, 2016
Enhanced Beta

A fixed income strategy combining active management and smart beta.

Finding Water in the Desert

New regulations raise the bar for liquidity management.

  • April 1, 2015