Not the time to be idle — Taking action in today’s credit markets
Episode four: The risk/reward paradigm of US High Yield
September 13, 2023
The webinar with Andrzej Skiba, Head of US Fixed Income and BlueBay Senior PM at RBC GAM, took place on September 13th.
- US high-yield bonds remain attractive compared to private credit.
- Private credit is plagued by a lack of transparency and a lack of liquidity.
- In an economic scenario where there's a fair amount of uncertainty, liquidity is very valuable.
- Companies using private credit are highly levered, which make them vulnerable to economic slowdown.
- The leverage within public debt space is running at the lowest since the global financial crisis.
- The wall of money pouring into private credit has watered down covenants and shrunk spreads.
Notes from the desk of Polina Kurdyavko
Argentina - living on the edge
Polina Kurdyavko hits the road, reflecting on her observations from around the world while tying in fresh investment perspectives related to emerging markets.
- Most EM countries can't afford to maintain indebtedness and large fiscal burdens
- Chile and Peru have steadily improved their credit quality, but Argentina is spending beyond its means
- Argentina has a history of financial woes and the problem can't be fixed until they commit to stop overspending
Global Equity investor insight
Monthly update with Jeremy Richardson
To keep pace with fast-changing news from around the world, it helps to have an expert in your corner. Tune in each month as RBC Global Equity Senior Portfolio Manager Jeremy Richardson reviews key global market events in one concise video to help keep you informed.
Impact investing
Investors today are increasingly committed to doing good without compromising doing well financially. Learn how you can advance positive social and environmental impact through core fixed income portfolios.
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We partner with regional entities to create impact investing collaboratives for their communities. These collaboratives provide mission-driven investors a coordinated approach to support high-impact projects important to them, through scaled investment in their geographies.
Ron Homer honored as recipient of Global MindED’s Inclusive Leader Award
In 2021, Ron Homer was a Global MindED Inclusive Leader Award recipient for Banking & Finance in recognition of his efforts to foster diversity and equality within these industries. Ron is RBC Global Asset Management’s Chief Strategist of U.S. Impact Investing and has over fifty years of experience in the financial services industry. His pioneering vision and accomplishments in impact and community investing coupled with deep seated knowledge acquired over decades have established him as a leader in these fields.
Minnesota Impact Investing Initiative (MI3)
Philanthropy California Impact Investing InitiativePhilanthropy Northwest Impact Investing Initiative
Local-Impact Fixed Income Targeted Investment New Mexico (LIFT NM)
Annual Impact Investing Report
Ron Homer: An impact investing pioneer
Fixed income
Learn how our BlueBay Fixed Income Team is finding opportunity in a credit environment challenged by inflation, geo-political tensions and fallout from the pandemic.
Webinar Series: Not the time to be idle
In this year’s webinar series, we will examine the realities of inflation, recession, defaults, liquidity and geopolitical risk and how they are impacting the global economy and altering the investment landscape.
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Passionate, insightful, contrarian at times and always a true thought-leader in his field, Mark Dowding, BlueBay’s CIO shares fresh fixed income insights every Friday.
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Polina Kurdyavko hits the road, reflecting on her observations from around the world while tying in fresh investment perspectives related to emerging markets.
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A weekly video series dedicated to providing our US Fixed Income team's view on the most recent market trends.
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