In this paper, we assess the potential risks associated with such a strategy by stressing capital requirements using spread-implied ratings.
Is the gap closing between US equity returns and the rest of the world’s?
Explores how institutional investors should reconfigure portfolio allocations/strategies in a world of low returns.
Learn about the important topics covered in the Outlook and their potential impact on broader markets. Michael Cembalest touches on topics including: the global banking system, oil markets, the credit risk of US states and credit market liquidity.
Michael Cembalest discusses the aches and pains constraining growth around the world, the severity of these ailments, and the degree of contagion from emerging to developed economies.
Markets, economy, stocks, growth, global, fixed income, international, asset classes
What are the bright spots in fixed income?
What are the risk and return considerations when it comes to private credit?
How can investors potentially achieve greater total return in an unconstrained fixed income portfolio?