White paper

At TwentyFour Asset Management we believe Environmental, Social and Governance (ESG) factors can have an influence on the value of our investments.

We don’t know when the next downturn will hit, how severe it will be, or how long it will endure. That’s why we aim to build resilient portfolios by focusing on four essential company traits: competitive advantage, solid management, sustainability of growth, and sensible valuation.

Humans enjoy extrapolating past successes into the future – including when it comes to returns on their investments. Accordingly, baby boomers harbor ambitious expectations whereas millennials do not trust investing. Patterns witnessed over 300 years of financial market history explain what matters when it comes to investing in the current climate. The guide to our return estimates reveals the long-term potential of asset classes and our estimation methods.

European collateralised loan obligations (CLOs) have been a favoured asset class for certain TwentyFour Asset Management strategies over the last several years, and more recently clients have quite rightly been asking why we prefer them to US CLOs.

Scenarios for the US-China conflict and implications for the global economy.

As one of Europe’s leading asset-backed securities (ABS) investors, we are often asked why we haven’t yet sought approval to expand the remit of our strategies to US securitisations. Here are five reasons we think a focus on Europe remains the best-rewarded strategy when it comes to the global ABS market today.

The current US economic expansion is now the longest in modern history, and investors globally will be seriously contemplating the end of the credit cycle. This late-cycle period could prove particularly challenging. Mark Holman, chief executive of TwentyFour Asset Management presents five tactics for fixed income investing late in the credit cycle.

With the election of Boris Johnson as leader of the Conservative Party, and subsequently as the next UK prime minister, the chances of a ‘no-deal’ Brexit took a decisive tick upwards. We believe the UK ABS market will be an effective defensive holding against the deep uncertainty around the Brexit outcome, and one which could also offer some material spread upside given the premium currently being priced into UK assets.

Despite boasting some of the lowest default rates across the global fixed income market, as well as higher yields and greater investor protections than vanilla corporate bonds of the same rating, Asset-Backed Securities (ABS) remains an under-utilised market for many pension funds. TwentyFour partner Ben Hayward outlines five things every investor should keep in mind when looking at this compelling asset class.