Insights

7 April 2020

European high yield credit: strategy update

Roman Gaiser

Head of High Yield, EMEA

While European High Yield (EHY) credit market returns were significantly negative and spreads materially wider by the end of the first quarter, market valuations are now much more attractive than at the start of the year. We entered 2020 conservatively positioned in our EHY portfolios, and as we revisit valuations and the policy response to Covid-19 we are maintaining our defensive positioning while looking to switch to higher quality credits and add to credits that we previously thought expensive but which now look attractive.

April 2020

What goes up must come down.

FIXED INCOME DESK

In Credit - Weekly Snapshot

Our fixed income team provide their weekly snapshot of market events.

7 April 2020

Investment grade credit: Strategy update

David Oliphant

Executive Director, Investments, Fixed Income

While investment grade (IG) credit market returns were significantly negative and spreads materially wider by the end of the first quarter, IG market valuations are now much more attractive than at the start of the year. We entered the year conservatively positioned in our IG portfolios, and as we re-visit valuations and the policy response to the COVID-19 crisis, we have become more constructive about future prospects for the market.

1 April 2020

Recession and the long road to recovery

Anwiti Bahuguna

Head of Multi-Asset Strategy, North America

The first official measures of the economic impact of coronavirus are being released, and it is now all but inevitable that we will see a deep contraction in economic activity in the US as a result of the shutdown implemented to contain the virus.

31 March 2020

Q&A: Emerging markets and the coronavirus

Dara White

Global Head of Emerging Market Equities

Dara White, Global Head of Emerging Market Equities, answers questions about the current state of the asset class and how we position ourselves to get through the crisis.

March 2020

UK real estate: a consistent approach to weather uncertain times

John Willcock

Head of UK Real Estate

Real estate is not immune from the forces affecting the global economy; however, our market is well placed to weather the storm.

March 2020

Global Technology: market volatility update

Paul Wick

Portfolio Manager

COVID-19 is clearly having a significant negative effect on the world economy and financial markets, including the technology sector. Away from the outbreak, the fundamental backdrop for the sector remains healthy, as many of the positive trends of recent years continue to drive the market.

March 2020

Tackling the 'Unknown Unknowns': How active managers manage unforeseen risks

Chris Wagstaff

Head of Pensions and Investment Education, Columbia Threadneedle, and Senior Visiting Fellow, Finance Faculty, Cass Business School

  • Active managers are better positioned than passive managers to guard against and react to unforeseen risks, such as the Covid-19 crisis
  • During the financial crisis this flexibility helped active managers to outperform
  • Those active managers who can recognise and control their behavioural biases are better positioned to outperform

26 March 2020

Coronavirus: Earthquakes, aftershocks and recovery

Colin Moore

Global Chief Investment Officer

Aftershocks are a frequent and disruptive result of an earthquake caused by the displacement effects of the main shock. While alarming themselves, they are often a reasonably predictable outcome of the main event. Large earthquakes can have hundreds of aftershocks. While there are familiar patterns to the distribution and magnitude of aftershocks, there can be surprises. However, they typically tend to decline in magnitude and frequency with time.

Important information

The research and analysis included on this website has been produced by Columbia Threadneedle Investments for its own investment management activities, may have been acted upon prior to publication and is made available here incidentally. Any opinions expressed are made as at the date of publication but are subject to change without notice and should not be seen as investment advice. Information obtained from external sources is believed to be reliable but its accuracy or completeness cannot be guaranteed.