Muzinich & Co

European high yield: Where’s the value? At face value, tight credit spreads in the European high yield suggest it will be difficult for investors to find an attractive entry point into the asset class. Muzinich & Co portfolio managers Thomas Samson and Jamie Cane, CFA don’t agree with that assessment, but as they explain in our latest article, investors will need to work harder to identify good opportunities.   To read the article, click here: https://lnkd.in/eRygYQSw For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx #EuropeanHighYield #CreditSpreads #Opportunities #Carry #Dispersion   Muzinich views and opinions are for illustrative purposes only and not to be taken as investment advice.

Could being long go wrong? Tight spreads offer little cushion for investors in long-duration corporate bonds in the event of a sell-off. That was the key message from our co-head of public markets, Tatjana Greil Castro, PhD during a recent interview with Abraham Darwyne of Fund Selector Asia. “People are not quite aware how much protection you have in the short end, and how the long end is not much better than it was three years ago when we had the big bond sell-off. That’s why investors who are really keen on duration are taking way more risk than you think.” To read the article, click here: https://lnkd.in/evme_3Ft For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx #InvestmentGrade #FixedIncome #ShortDuration #CorporateCredit Muzinich views and opinions should not be construed as an offer to buy, sell or engage in any investment activity, they are for information purposes only.

Uncertainty rules From Trump vs. Zelensky to shifting expectations on European defence spending and interest rates, last week was the proverbial rollercoaster for financial markets: European stocks stumbled, government bond yields climbed, and high yield outshone investment grade. Gold hit a new record – highlighting its status as the asset class for uncertain times. Meanwhile, China’s pro-business shift was the latest effort by Beijing to revive the economy. 🔗 Read the full breakdown in our latest Weekly Market Comment: https://lnkd.in/eP5x-iyJ #Markets #Investing #Finance #Economy #Gold For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx

While upper-middle market companies struggle to navigate global trade uncertainty, the lower middle market is proving to be a resilient and attractive area for private credit investors. In our latest article, Muzinich & Co co-heads of pan-European private debt Kirsten Bode and Rafael Torres Boulet Torres discuss the key themes and opportunities they see in the market.   To read the article, click here: https://lnkd.in/ePATuFPs For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here: https://lnkd.in/epZwbVYx #PrivateDebt #PrivateCredit #InterestRates #MiddleMarket #MergersAndAcquisitions Capital at risk.   Muzinich views and opinions are for illustrative purposes only and not to be taken as investment advice.

If it ain’t broke, fix it 🔐 Muzinich & Co portfolio managers Joseph Galzerano, CFA ESG, MBA, CPA and Richard Smith answer five questions on why fixed maturity portfolios could offer investors an opportunity to lock in attractive yields, manage risk effectively and enjoy greater visibility on returns, all while navigating today’s shifting interest rate environment. To read the article, click here: https://lnkd.in/eDqkqqmq For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx   #FixedMaturity #FixedIncome #Yields #RiskManagement #Inflation #Credit

Overcoming the yield dilemma Sashi Nambiar, our Head of Financial Intermediaries and Wealth in Asia, will appear at the upcoming TSAM – The Summit for Asset Management Singapore conference on February 27. Sashi will join other senior industry professionals for a roundtable discussion exploring how family offices are transitioning from traditional portfolios to private markets and beyond. To learn more about the event, please click here – https://lnkd.in/ezUCJpAf To learn more about Muzinich & Co Private Debt, please visit - https://lnkd.in/eHRk2Nih

Inflation: The problem that won’t go away February’s momentum in financial markets kept rolling last week: stocks and commodities gained, and credit spreads tightened. But the bigger story was rising government bond yields and sticky US inflation — a headache for policymakers and investors alike. We consider the implications of this and a potential resolution to the Ukraine-Russia conflict in our latest Weekly Market Comment. Get the full story here: https://lnkd.in/eNMUTsRt #Markets #Investing #Inflation #Geopolitics For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx

Trump 2.0 and EM: This time it’s different   The return of Donald Trump as US President brings echoes of 2017, but 2025 is shaping up to be a very different story for emerging markets.   While unpredictability remains a hallmark of Trump’s approach, emerging markets have evolved and are more resilient than they were during his first term.   In the Year of the Snake 🐍, credit investors would do well to embrace the reptile’s characteristics of wisdom and ability to navigate complexity, as Muzinich & Co portfolio manager Mel Siew explains in our latest EM Monthly.   To read the full article, click here: https://lnkd.in/e7g4Y4dG For more information on Muzinich & Co., visit www.muzinich.com   To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here: https://lnkd.in/epZwbVYx   #EmergingMarkets #GlobalTrade #China #India #Trump #AsianCredit

Our French team recently had the pleasure of welcoming a select group of clients to a private debt event in Paris. France country manager Anne Petit and her team hosted the event, with presentations from our co-head of pan-European debt Rafael Torres Boulet and Alexandre Millarini, head of direct lending, France. Discussions focused on the growth prospects for the asset class and how new structures and vehicles can give wholesale clients greater access to an area traditionally dominated by institutional investors. There was also debate around how these new structures could fit into client portfolios to meet their liquidity needs while targeting attractive returns. Our clients also got to hear from Valérie Feray, CEO of specialist law firm IPSILON Intellectual Property, who gave an insightful presentation on the company's story so far and how working with private lenders is supporting its growth. To learn more about Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx #DirectLending #PrivateDebt #EvergreenFunds #IlliquidityPremium

With spread compression becoming an increasing factor in the Asia Pacific private credit market, where are the opportunities for investors to generate additional yield? And what are the other benefits for investors considering an allocation? In our latest article, Muzinich & Co Asia Pacific CEO and head of Private Debt Andrew Tan and Portfolio Manager Jieying Huang discuss: ◾ Where and how investors can access higher-yielding opportunities in Asia private credit; ◾ Why the asset class could play a significant role in the global energy transition; ◾ Why an Asia allocation could provide meaningful diversification to complement investors’ US and European private debt holdings.  To read the article, click here: https://lnkd.in/eyp43sxG For more information on Muzinich & Co., visit www.muzinich.com To receive the latest thinking from our investment teams on public and private corporate credit markets straight to your inbox, click here - https://lnkd.in/epZwbVYx #Privatedebt #Asiaprivatecredit #Yields #Directlending #Credit Capital at risk.