Corporate Credit in 2013 – Where to Now?
Global Corporate Credit generated healthy absolute returns over 2009-12, with meaningful excess performance in 3 of 4 years. Currently, yields are hovering near record lows and spreads are tight. Looking forward, Conning believes corporate credit will outperform other conventional fixed income investment options, although we expect less robust returns than have recently been experienced. In this Viewpoint, Conning will identify risks and opportunities at the current stage of the corporate credit cycle, and highlight signposts that will aid investors in making decisions regarding portfolio positioning ahead of future market changes.
The U.S. Banking Sector – Poised to Perform Four Years After a Near-Death Experience?
In 2008-2010, the financial landscape was littered with failures and near-failures, regulatory-assisted mergers, illiquidity, rumors of the ”next” to fall, finger-pointing, and in retrospect, the Near-Death Experience of the United States banking industry.
“Movin’ on Up...” Emerging Markets’ Rising Importance in the Global Economy
While inclusion of some countries as part of Emerging Markets (EM) such as Israel and South Korea is debated, and there is no specific definition of an emerging market, the majority of the EM countries appear to fall in World Bank’s “upper middle income” and “lower middle income” categories, which are derived from GDP per capita as a metric.
Convertible Securities: Attractive Asset Class for an Uncertain Economic Environment
Convertible securities are bonds or preferred stock issued by corporations that are convertible into shares of an underlying common stock. The convertible’s price behavior, relative to changes in the underlying stock, looks much like a call option, with the bond value providing a floor if the stock price declines.
Asian American and Pacific Islander Heritage Month Employee Spotlights
Conning celebrates the achievements, contributions and inspiration of Asian-Americans in our communities and around the world. In honor of Asian American and Pacific Islander Heritage Month, we’re highlighting three of our Asian-American employees.
Hispanic Heritage Month Employee Spotlights
Conning celebrates the achievements, contributions and inspiration of Hispanic-Americans in our communities and around the world. In honor of Hispanic Heritage Month, we’re highlighting three of our Hispanic-American employees.
Veterans Day Employee Spotlights
Conning honors United States veterans and thanks them for their service to our country. To celebrate Veterans Day, we’re highlighting three of our veteran employees.