Fixed income offers some of the most attractive income opportunities in years, but today’s market is also becoming more complex. Economic growth has proven resilient, inflation is moderating only gradually, geopolitical uncertainty remains elevated, and the investment cycle around artificial intelligence is creating increasingly differentiated outcomes across credit markets.
In this conversation, Payden & Rygel’s Jordan Lopez and Frasat Shah, who are based in Los Angeles and London, respectively, discuss how they are positioning U.S. and European high-yield bonds in their portfolios, and where they see the best opportunities and the risks for investors in the months ahead.
Jarenlang droegen opkomende markten hetzelfde etiket: hogere groei, hoger risico, kwetsbaarder en cyclischer. Een geschikte plek om tijdelijk te beleggen wanneer de wereldeconomie aantrok, maar een regio om te mijden zodra het sentiment verslechterde.
In het Financial Stability Report van juni 2026 van EIOPA (European Insurance and Occupational Pensions Authority), worden geopolitieke spanningen, klimaatverandering, cyberdreigingen, private credit, overheidsschulden en marktvolatiliteit zoals te verwachten genoemd als relevante risico’s.
