A summary review of macro environment and market conditions, sector assessments and select sector highlights.
Monthly Sector Reviews
Market Insights
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.
Market Update available for the Securitized Product Market sector.
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
Newfleet’s multi-sector fixed income team reviews fourth quarter market events and discusses their impact across the sectors in which the firm invests.
4Q19 Municipal Bond Market Review and Outlook
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’s multi-sector fixed income team reviews third quarter market events and discusses their impact across the sectors in which the firm invests.
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’s multi-sector fixed income team has a comprehensive approach to identifying relative value across the 14 bond market sectors in which the firm invests.
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
Frank Ossino, Senior Managing Director and Senior Portfolio Manager, provides his insights regarding year-end volatility in the loan market and opportunities it may present.
Jonathan Stanley, Newfleet sector head of the corporate high yield asset class, discusses the opportunities and areas of concern for corporate high yield as we enter 2019.
Media
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.