admin, Author at BREAKWATER ADVISORY

29 Jan 2017 Fixed Income Perspectives – ‘Seven Investment Themes for the First Half’

Posted at 15:23h

Looking ahead to the first six months of 2017, Voya Investment Management's CIO of Fixed Income Matt Toms explains the key investment themes Voya is focusing on.

14 Jan 2017 Voya Perspectives | Investment Outlook | Senior Bank Loans | ‘2017 Forecast: The Stage is Set for Another Strong Year’

Posted at 11:46h

Senior bank loans returned more than 10% in 2016. Looking ahead to 2017, the asset class seems poised for another strong year. Our “base” case for the total return of the S&P/LSTA Leveraged Loan Index in 2017 falls between 4.5–5.0%, i.e., within the range of coupon expectation.

07 Jan 2017 White Paper – A Closer Look at Credit Risk Transfer Securities

Posted at 13:29h

Credit Risk Transfer, a relatively new and growing securitised credit market segment, provides investors seemingly elusive access to mortgage credit exposure. CRT securities are floating-rate instruments that deliver minimal duration risk, credit spreads in excess of many fixed income sectors and, ultimately, the potential to increase risk-adjusted returns across a wide range of economic scenarios.

07 Jan 2017 Voya Senior Loan Group – ‘Talking Points’ – 2016 Recap and 2017 Outlook

Posted at 09:46h

'2016 Recap and 2017 Outlook' - For the U.S. senior loan market, 2016’s strong total return story effectively started in March, when the price of oil rebounded and investor sentiment took a sharp upward turn from its late February lows.

21 Dec 2016 Fixed Income Perspectives – ‘Looking Ahead to 2017’

Posted at 10:29h

As 2016 comes to a close, we look ahead to what should be another eventful year  in 2017. With the Donald Trump administration set to be sworn into office in a matter of weeks, changes are most certainly on the horizon.

18 Dec 2016 Voya Investment Management Named to Pensions & Investments Magazine’s “2016 Best Places to Work in Money Management” List

Posted at 14:42h

Voya Investment Management, the asset management business of Voya Financial, Inc. announced last week that it has been named to Pensions & Investments Magazine’s “2016 Best Places to Work in Money Management.”

03 Dec 2016 Voya Senior Loan Group – ‘Talking Points’ Weekly Update (incl. November in Review)

Posted at 12:58h

'From Turkeys to Tinsel....With A Little Fed In Between' - The loan market shrugged off the surprise news of Donald Trump’s victory on Tuesday, US time. After a reflexive dip in trading Wednesday morning in concert with other asset classes, the market had fully recovered by afternoon and finished the week on a solid note. The S&P/LSTA Leveraged Loan Index returned 0.02%, while the average bid for loans declined by 11 bps, 96.82.

30 Nov 2016 Fixed Income Perspectives – ‘Fixed Income in a Post Election World’

Posted at 14:49h

With Republicans soon to be in control of all three governmental branches, the likelihood of significant policy change is high. As a result, the focus for investors has shifted to four key points: tax policy, deregulation, fiscal spending and trade policy.

12 Nov 2016 Voya Senior Loan Group – ‘Talking Points’ Weekly Update (incl. October in Review)

Posted at 12:57h

'Politically Independent' - The loan market shrugged off the surprise news of Donald Trump’s victory on Tuesday, US time. After a reflexive dip in trading Wednesday morning in concert with other asset classes, the market had fully recovered by afternoon and finished the week on a solid note. The S&P/LSTA Leveraged Loan Index returned 0.02%, while the average bid for loans declined by 11 bps, 96.82.

31 Oct 2016 Fixed Income Perspectives – ‘Rate Hike in December? Let the Speculation Begin’

Posted at 13:51h

Speculation about a December rate hike began almost immediately following the Federal Reserve’s decision in September to keep rates unchanged. The consensus opinion that the Fed will hike in December received additional support following the release of the FOMC minutes, which confirmed that the September vote was a closer call than investors originally thought. However, roadblocks to a December hike do in fact exist.

Author: admin