Muzinich & Co

Over the last few months, while equity markets have shown heightened levels of volatility, credit markets have been remarkably resilient. However, not all the reasons for this behaviour may not be so positive. Portfolio Manager Thomas Samson explores why investors should remain alert despite a backdrop of tight spreads. Click here to read more - https://lnkd.in/eSQwF3mJ Muzinich & Co views and opinions are for illustrated purposes only and not to be construed as investment advice.

Why aren’t longer-dated European investment-grade spreads behaving in-line with the rest of the pack? In his latest monthly column, Muzinich portfolio manager Ian Horn, CFA takes another look at longer-dated spreads and discusses why their early-year tightness is being reversed. Click here to read more - https://lnkd.in/eU6aBXCY Muzinich & Co views and opinions are for illustrated purposes only and not to be construed as investment advice. #investmentgrade #corporatecredit #publicmarkets

We are delighted to announce the launch of our Infrastructure and Real Assets Private Debt Strategy in partnership with the Hong Kong-based Orion3 Group.   The strategy will provide debt financing and capital solutions for middle-market infrastructure and real asset companies, including to support businesses and projects on their energy and climate transition journey as the world moves towards net zero.   Further details on the strategy can be found here - https://lnkd.in/eWWgqAc8   For more information on Muzinich & Co., visit www.muzinich.com   To receive the latest thinking from our investment teams on public and private corporate credit markets, click here - https://lnkd.in/epZwbVYx

Striking the right balance    The Federal Open Market Committee meeting dominated last week’s financial news flow.    Volatility ended the week lower and government bond curves continued to normalize as the event provided certainty for investors.     But the week still left investors with plenty of questions to ponder, including:     ◾ What will be the neutral policy rate?   ◾ Are we likely to see a further inflationary spike?  ◾ How could monetary policy decisions in Brazil impact the US?    To read our thoughts on these questions and more, click here - https://lnkd.in/esXbTdZe     For more information on Muzinich & Co., visit www.muzinich.com    To receive the latest thinking from our investment teams on public and private corporate credit markets, click here - https://lnkd.in/epZwbVYx   Views and opinions are for illustrative purposes only, not to be construed as investment advice or an invitation to engage in any investment activity.    #GlobalEconomy #FinancialMarkets #InvestmentInsights  

The big question for credit investors this year is whether spreads are tight relative to history. In his latest monthly column, Muzinich portfolio manager Ian Horn, CFA looks at five key factors in the European investment-grade markets in an effort to provide an answer. Click here to read more https://lnkd.in/eZzFg2yq Muzinich & Co views and opinions are for illustrated purposes only and not to be construed as investment advice. #investmentgrade #creditspreads #riskreward

Spreads within subordinated (Tier 2) bank debt have tightened considerably over the last 12 months, and investors may be wondering whether there’s any value left in this segment of the market. However, index data only tells part of the story, and there’s a lot more to uncover as senior credit analysts Mark Robinson and Joe Hopkins explore. Click here to read more - https://lnkd.in/ek9vADQq Muzinich & Co views and opinions are for illustrated purposes only and not to be construed as investment advice.

In the latest edition of our EM Monthly series, credit analyst Khang Wei Tai and portfolio manager warren hyland discuss the hidden opportunities in the insurance sector within emerging markets. Click here to read the article - https://lnkd.in/edMHUqkz For more information on Muzinich & Co, visit www.muzinich.com

Portfolio managers Stu Fuller and Alex Woolrich discuss their thoughts on the themes and trends in the European and US syndicated loans markets, including the impact of falling interest rates, what’s behind the high levels of issuance and what trends they expect to emerge during the coming months. Click here to read the article - https://lnkd.in/ebEWDjnt For more information on Muzinich & Co, visit www.muzinich.com

We are pleased to announce that we have signed the 2024 Global Investor Statement to Governments on the Climate Crisis. Investors recognize that policy mechanisms are essential to achieve a net zero emissions economy by 2050 or sooner, with interim targets in line with credible 1.5°C pathways. That’s why ahead of #COP29 – alongside hundreds of investors – we’re calling on governments to enact 5 essential policy actions to accelerate the private capital flows needed for a just transition to a climate-resilient, nature-positive economy. Find out more about the #climatepolicy asks here: https://lnkd.in/g5x6RgCx #GlobalInvestorStatement #COP29 

Over the past decade, the US has driven growth in direct lending, accounting for almost 60% of the global market, according to Preqin (as of June 2024). This growth has been accompanied by increased attention from actors across the financial system – not all of it favourable. In our latest article, our co-head of US private debt Michael R Smith answers the big questions facing the asset class. Click here to read the article - https://lnkd.in/eVZrJvm9 For more information on private debt at Muzinich & Co, please visit https://lnkd.in/ezPh547p #privatedebt #privatecredit #directlending