A summary review of macro environment and market conditions, sector assessments and select sector highlights.
Monthly Sector Reviews
Frank Ossino, Senior Portfolio Manager and Bank Loan Sector Head, discusses the impact of the coronavirus on the bank loan market and how portfolios are being positioned.
David Albrycht, President and CIO of Newfleet Asset Management, recently discussed the ongoing coronavirus situation and global market volatility on a live call with advisors. Dave shared his views on where he is seeing risks—and opportunities—in the bond market.
We know that the outbreak of the coronavirus (COVID-19) is going to disrupt supply chains, reduce demand as well as slow economic activity and growth. All of these factors will have an impact on inflation.
Podcast with Eric Hess: Observations on the High Yield Energy Sector
4Q19 Market Review & Outlook: Newfleet Multi-Sector – Value in Spread Sectors; Credit Selection is Key
Newfleet’s multi-sector fixed income team reviews fourth quarter market events and discusses their impact across the sectors in which the firm invests.
High yield bonds and bank loans are two sectors of the fixed income market that are converging as a single non-investment grade asset class.
Newfleet believes that this convergence argues for a more efficient investment approach to leveraged finance through an actively managed, flexible strategy that tactically rotates across and within each sector.
Frank Ossino, senior portfolio manager and sector head of the bank loan asset class at Newfleet, provides his view on why the bank loan market is an income asset class, not solely an interest rate hedging tool.
More Than A Rate Hedge – The Overlooked Return Potential of Bank Loans in a Yield Starved Environment
Newfleet Asset Management provides perspective on why the loan market should be viewed as an income asset class, not solely an interest rate hedging tool.
The Fed’s pivot toward a more accommodative policy has driven a shift in both issuer and investor preferences, as evidenced by recent supply data and fund flows. This shift has created dislocations within the capital structure, allowing managers with flexible mandates to take advantage of relative value opportunities.
Active management and credit selection have never been more important, says Newfleet President and CIO David Albrycht.
Newfleet CIO discusses why you want to have risk in your portfolio and how Newfleet balances that risk within their multi-sector strategies.
Newfleet President and CIO David Albrycht discusses relative value opportunities in the bond market and why active management is so important.
Frank Ossino discusses potential benefits of the Virtus Newfleet Dynamic Credit ETF’s active approach and broad opportunity set.