Obligations des marchés émergents
Une approche à forte conviction et à contre-courant combinant des stratégies bottom-up et de valeur relative.
Décrypter la dette des marchés émergents : ce que tout investisseur doit savoir
Fixed Income Boutique
Regardez notre trio de courtes vidéos pour découvrir pourquoi la dette des marchés émergents attire davantage l'attention des investisseurs, ce qu'elle recouvre et les risques à prendre en compte parallèlement à ses opportunités potentielles.
Pourquoi les marchés émergents ?
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Qu'est-ce que la dette des marchés émergents et quelles sont les opportunités ?
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Les risques liés à la dette des marchés émergents
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Afficher le suivant :
Fundamentals, technicals, and complacency are outweighing uncertaintyInsights apparentés
Fixed Income Boutique
Fundamentals, technicals, and complacency are outweighing uncertainty
The reopening of the Strait of Hormuz has reduced inflation concerns. While tight credit spreads limit upside, fundamentals and technicals remain supportive of fixed income markets. We are modestly constructive but cautious, particularly on private credit, where complacency around liquidity risks appears underappreciated.
Fixed Income Boutique
Beneath the hawkish headlines: What’s next for the European Central Bank, Federal Reserve, and Bank of Japan?
The closure of the Strait of Hormuz reignited inflation concerns and prompted major central banks into a more hawkish stance. While inflation has risen, we believe the shock is temporary, making further ECB and Fed tightening unlikely. An additional hike from the BoJ is likely, in our view, but it risks moving too slowly.
Fixed Income Boutique
Somewhat reopened is good enough for EM fixed income
EM fixed income stayed resilient through the war-induced shock. As oil prices fell, inflation remained contained. Capital inflows resumed after a brief interruption and sovereign rating upgrades continued. We believe the asset class is supported by elevated global risk appetite, attractive local-currency yields, and diversification away from US assets.
Fixed Income Boutique
Credit at a crossroads: AI-driven IG supply, hidden dispersion in HY, and Swiss stability
The investment grade market faces an AI-driven supply surge as hyperscalers reshape credit dynamics. In high yield, surface stability masks elevated issuer dispersion and structural divergence, while CHF markets remain supported by benign inflation, strong demand, and favorable seasonal dynamics.
Asset management
Les eaux dormantes sont profondes sur les marchés mondiaux
Les marchés ont fait preuve d'une résistance surprenante, alors même que des pressions sous-jacentes s'accumulent. Depuis que la guerre au Moyen-Orient a éclaté en février, les investisseurs ont dû faire face à la hausse des prix de l'énergie, à des craintes inflationnistes renouvelées et à une quasi-volte-face des anticipations de politique monétaire.
Fixed Income Boutique
Global Credit Outlook for Summer 2026: Navigating credit markets
As we head into the summer, credit markets are navigating an increasingly complex landscape. Inflation pressures are building up - particularly in Europe - while central banks are diverging in their policy responses, with most preparing for tighter monetary policy. Meanwhile, recent market volatility has created dispersion across sectors and rating categories, opening doors for active managers.