Search this website. You can use fund codes to locate specific funds

Credit Pulse: market update – 16 October 2020

Listen to the latest Credit Pulse

In this instalment of Credit Pulse we focus on the high-yield credit environment and how we integrate ESG throughout this asset class. Specifically, we discuss:

  • How markets are under-pricing private company credit risk
  • The record lows in recovery values of defaults seen in this cycle
  • Recent ESG trends, specifically looking at Brazilian paper company Suzano’s long 10-year sustainability-linked bond
  • The collaboration with our in-house stewardship services, EOS, and how we have driven change while engaging with companies such as Petrobras, Cemex, Banorte and BHP

Related Insights

Key issues for Japan’s 2021 voting season
We have stepped up our voting recommendations at Japanese companies, particularly on gender diversity and climate change.
Views from the credit desk: Bullish and Bearish Cases
In our latest Credit Pulse we consider the case for bullishness and bearishness about corporate conditions and the global economy, and suggest ways that credit investors can act on either sentiment.
Novartis case study
Novartis has increased its board gender diversity, appointed its first new auditor since 1940 and shown leadership on artificial intelligence.
Looking below the surface: 360°, Q2 2021
What is our current view of fixed income markets? And where do we see the best relative value?
The Circular
The Circular cuts to the heart of the issues that matter in the second ESG quarterly update for 2021...
Infinity and beyond banks: the never-ending battle between old money and big tech
Fiorino examines the tussle between banks and the increasingly belligerent Big Tech sector.