High yield
Investors abandoned junk bond ETFs in March
Forced sale of ‘fallen angels’ could exacerbate outflows at end-April
Quants warn on credit risk in stocks
Conventional models may be missing explosion in novel exposure
‘Fallen angels’ pose little threat to EU funds
Passive fund outflows in a credit crisis would put pressure on high-yield bond prices
The corporate bond revolution will be streamed
Dealers are piping feeds of live, executable prices direct to select clients
Innovation in execution: Morgan Stanley
Risk Awards 2020: Odd-lot bot handles almost half of bank’s credit trades
EU high-yield funds at risk of liquidity shock – Esma
High-yield bond funds have just 13% of NAV in high-quality liquid assets on average
New frontiers
Innovative investment opportunities are helping to mitigate risk and satisfy Solvency II capital requirements as insurers face continued economic uncertainty. Frederic Morlaye, managing director, insurance and capital management solutions, Global Markets…
Saba’s Weinstein: ETFs ‘destroy value’ in junk bonds
Hedge funds wary of high-yield bonds; blame ETFs for shrinking liquidity premium
DoubleLine warns of debt rollover risk
Asset manager plans to be liquidity provider if US credit market is distressed
Northill: bubble building for direct lending strategies
Cat bonds, high yield, US distressed, infrastructure risky too
Systemic risks in the market on the rise, says Iosco economist
Shane Worner, senior economist at Iosco, warns of excessive leverage in the system
Institutional investors bond over fixed-income ETFs
Smart money favours high-yield and emerging markets debt
Europe’s high yield new issuance “lacks fundamentals”
Investors chasing returns risk defaults
Oaktree’s Howard Marks keeps specialisation at the heart of expansion
Trying to get it right
GLG European Distressed Fund: GLG Partners (Man Group)
13th Annual European Single Manager Awards 2013
Hadron Alpha Select Fund: Hadron Capital
13th Annual European Single Manager Awards 2013
Hedge funds split on outlook for junk bonds
Split on junk
High yield bond funds are an emerging risk: SFC video interview
Investors increasing their exposure to high yield bond funds is an area of concern, according to Bénédicte Nolens, head of risk and strategy at the Securities and Futures Commission
Lookback
Lookback
Sponsored statement: Standard Chartered
Asia’s local capital markets stand on the verge of a boom
Equity derivatives house of the year: UBS
Structured Products Asia Awards 2012
May sees US fixed-income ETP record despite flight from high-yield bond products
High-yield ETPs in the US experienced their first outflows since November 2011, but inflows into government bond products propelled May to a record-breaking month for fixed-income ETPs
iShares launches single-country eurozone debt ETFs
iShares is offering a play on uncertainty in the eurozone with the launch of eight ETFs that offer exposure to the sovereign debt of individual eurozone members
Japan FSA asks for transparent double-deckers
Double-deckers in for a bumpy ride