Auto parts: three consumer trends driving the industry
Ever since the first internal-combustion vehicle rolled off Karl Benz’s production line 130 years ago, the motor car has claimed a place in popular culture that is more than the sum of its parts – and...
View ArticleEmerging market debt: the good, the bad and the ugly
Vikram Aggarwal, a credit analyst covering emerging markets within Jupiter’s Fixed Interest & Multi Asset team, provides a deep-dive analysis of the emerging markets debt sector, outlining the...
View ArticleHermes Multi Strategy Credit posts three years of strong risk-adjusted returns
Fraser Lundie, Co-Head of Credit at Hermes Investment Management, explains how the 16.8% return of Hermes Multi Strategy Credit since its May 2013 inception to 31 May 2016 has been achieved by...
View ArticleOi S.A. proves geographic silos cannot work in a globalised world
One of the key reasons people cite when allocating to a specific geography in the global high yield market is avoiding exposure to unwanted sovereign risk. We have long held the view that this is...
View ArticleDequity: Why corporate hybrids would have troubled Sartre
Mitch Reznick, Co-Head of Hermes Credit and Head of Credit Research, looks at the complicated world of equity-like debt securities, or corporate hybrids, and how the valuation gap between hybrids and...
View ArticleSeeking protection in the new bond world
The current environment of rising correlations and falling yields means that the ‘barbell’ strategy of combining lower and higher risk assets has lost its ability to preserve capital in times of...
View ArticleHow to find protection in the new bond world
Fraser Lundie, Co-head of Credit at Hermes Investment Management and Andrey Kuznetsov, Senior Credit Analyst, explain how to find fixed income protection in the current market environment.
View ArticleDell is a bright spot in the troubled tech sector
The outlook for the technology industry has been largely negative, as the decline of PCs, slowing smartphone sales and weakening end markets for microchip makers weigh heavily on earnings projections.
View ArticlePutting two and two together: how hybrids can add up for investors
Previously considered a relic from before the pre-financial crisis, the market for European hybrids has expanded rapidly in the last three years, says Andrey Kuznetsov, Senior Analyst for Hermes Credit.
View ArticleFewer bargains left in fashionable emerging market debt
Fraser Lundie, Co-Head of Credit and Andrey Kuznetsov, Senior Credit Analyst at Hermes Investment Management discuss the outperformance of emerging market debt this year, but warn that a selective...
View Article
