spaines

Visión de mercado

Perspectivas sobre el crédito: Información imperfecta y previsiones imperfectas
Perspectivas sobre el crédito: Información imperfecta y previsiones imperfectas
Con tantos elementos distorsionantes en juego en este momento, no podemos apoyarnos en las teorías económicas para obtener respuestas fáciles.
07-12-2021 | Perspectiva trimestral
Talk ’22: ‘A season for active credit managers to thrive’
Talk ’22: ‘A season for active credit managers to thrive’
With super stimulus gradually coming to an end, markets will once again be able to distinguish between good and bad credit, says Sander Bus, Co-Head of Credits.
24-11-2021 | Entrevista
Perspectivas sobre el crédito: Prosperidad común
Perspectivas sobre el crédito: Prosperidad común
Changing policy in China will have repercussions for the rest of the world – and for credit markets.
21-09-2021 | Visión
Perspectiva sobre crédito: Humildes
Perspectiva sobre crédito: Humildes
Ante las muchas incógnitas y distorsiones que genera la reapertura de las economías, la humildad es la mejor actitud.
23-06-2021 | Perspectiva trimestral
Encontrando riesgos a la baja en crédito  gracias al ASG
Encontrando riesgos a la baja en crédito gracias al ASG
Using financially material ESG information leads to better-informed investment decisions and benefits society.
09-06-2021 | Visión
Perspectivas sobre el crédito: calentando la economía
Perspectivas sobre el crédito: calentando la economía
Aunque es posible que continúe el rally del crédito, el margen de error es tremendamente limitado.
31-03-2021 | Perspectiva trimestral
European utilities on the cusp of a decade-long investment opportunity
European utilities on the cusp of a decade-long investment opportunity
These companies have the unique prospect of tackling climate change and continuing to lead the global energy transition.
03-02-2021 | Visión
El aumento de los pasivos ambientales afecta a las empresas mineras
El aumento de los pasivos ambientales afecta a las empresas mineras
Los costes ambientales están convirtiéndose en una carga cada día mayor para las empresas mineras, según un estudio.
04-12-2018 | Visión
Short Maturity = low risk, less volatility
Short Maturity = low risk, less volatility
Increasing volatility and rising interest rates – not really the cocktail of choice for the risk-averse credit investor.
23-05-2018 | Visión
How to quantify a company’s contribution to the UN SDGs?
How to quantify a company’s contribution to the UN SDGs?
Earning a good return and contributing to the Sustainable Development Goals at the same time?
11-05-2018 | Visión
Guide to credits
Guide to credits
Credit investors increasingly want to know how they can make superior returns while managing risk in one of the world’s most vibrant markets.
15-05-2017 | Revista
Six key ESG issues in energy credits
Six key ESG issues in energy credits
The energy sector is faced with big ESG challenges.
06-04-2017 | Visión
Protect yourself against rising interest rates with zero-duration
Protect yourself against rising interest rates with zero-duration
Long-term interest rates are on the rise so credit investors need to assess whether they want to hedge interest rate risk.
19-12-2016 | Visión
The impact of ESG on credit analysis: an example from the banking sector
The impact of ESG on credit analysis: an example from the banking sector
In our previous edition we explained the integration of Environmental, Social and Governance (ESG) factors in the analysis of stocks.
05-07-2013 | Investigación
Residual Equity Momentum for Corporate Bonds
Residual Equity Momentum for Corporate Bonds
It is well documented that equity momentum has predictive power for corporate bond returns.
17-08-2012 | Investigación
On the nature and predictability of corporate bond returns
On the nature and predictability of corporate bond returns
Corporate bond returns consist of two distinct components: an interest rate component, which is default-free and anti-cyclical, and a credit spread component, which is default-risky and pro-cyclical.
16-05-2012 | Investigación
Ibbotson's default premium: risky data
Ibbotson's default premium: risky data
Ibbotson’s “Stocks, Bonds, Bills and Inflation” data set is widely used because it provides monthly US financial data series going back to as early as 1926.
09-12-2011 | Visión