Market insights

Fundamentally, high-yield issuers are in a solid position and could well live with a potential moderate recession. The substantial correction we have seen so far in 2022 would therefore constitute an interesting entry point for long-term investors.

,

Against a background of persistent uncertainty and a combination of higher interest rates and bond yields with inflation set to fall in the medium term, an environment is emerging in which diversification should once again pay off.

Investing in euro-denominated bonds versus USD bonds with a similar profile from the same issuer offers an attractive opportunity to generate additional returns over the medium term without increasing risk.

,

The massive price slump in growth stocks could represent an interesting opportunity for investors. Convertible bonds would be a sensible alternative to shares to take advantage of this opportunity.

,

The risk/reward ratio for emerging market corporates has improved considerably. Default rates are low and valuations are favourable. This translates into commensurate potential for returns.