A summary review of macro environment and market conditions, sector assessments and select sector highlights.
Monthly Sector Reviews
Market Insights
Newfleet’s multi-sector fixed income team has a comprehensive and disciplined approach to identifying relative value across the wide range of bond market sectors in which the firm invests.
Newfleet’s multi-sector fixed income team reviews second quarter market events and discusses their impact across the sectors in which the firm invests.
Municipal Bonds – Taxable Issuance Drives Supply
Ryan Jungk, Investment Grade Corporate Sector Manager, discusses why he believes the rally in investment grade spreads may not be over and may be on the path to set new record lows.
Negative headlines notwithstanding, active managers of senior loans with long-term records of strong risk-adjusted returns have shown they can weather historic volatility and economic uncertainty.
Frank Ossino, Senior Portfolio Manager and Bank Loan Sector Head, sits down with Bill Irvine, Senior Managing Director of Institutional Business Development, to discuss his latest views on the leveraged finance market.
David Albrycht, President and CIO of Newfleet, discusses current risks in the bond market, Fed and Central Bank actions, how the market has changed in the past few weeks, and how Newfleet is positioning its multi-sector portfolios.
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
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.
The sources of volatility that were present in 2019 will carry forward to 2020. Despite the challenges, Newfleet believes that fixed income spread sectors will continue to offer better value than U.S. Treasuries and other government-related debt.
Frank Ossino, senior portfolio manager and sector head of the bank loan asset class at Newfleet, discusses prospects for bank loans as we enter 2020.
Newfleet’s quarterly House View provides an assessment of global macroeconomic trends, key risks, and implications for the firm’s multi-sector, relative value fixed income strategy.
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.
Newfleet Asset Management’s current view regarding the discontinuation of LIBOR, which is scheduled to happen at the end of 2021, and its potential impact on the loan market.
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.
Market Convergence and the Case for a Flexible Approach to Leveraged Finance
Media
Active management and credit selection have never been more important, says Newfleet President and CIO David Albrycht.
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.