A discussion on China’s ability to deliver solid economic growth in the coming months in order to prevent a further global slowdown in 2019 and beyond
03.29.2019 Seix Investment Advisors Completes Offering of $404.7 Million CLO
Seix announced the closing of Mountain View CLO XIV, a $404.7 million managed cash flow collateralized loan obligation (CLO). George K. Goudelias, managing director, head of leveraged finance at Seix, is the portfolio manager of the CLO.
Multi-Sector Absolute Return
Search for Yield in a Low Interest Rate Environment
Institutional investors around the globe are challenged to find income to reach investment and spending targets, without taking on undue risk. Our Multi-Sector Absolute Return Strategy is an actively managed response for investing in a low yield environment.
The strategy allows us the flexibility to actively use and rotate among fixed income sectors (including U.S. investment grade, high yield bond, leveraged loans and non-U.S. bonds), taking advantage of relative value to enhance portfolio yield, while avoiding risks associated with using only one sector. The allocation decision and review is based on an analysis of macroeconomic and microeconomic themes and an assessment of the relative value of each sector.
Investment Grade: Taxable and Tax-Exempt Fixed Income
Timely commentary regarding the prior quarter’s economic environment and market events, with a view to how these impact their market sector.
1Q 2019 Leveraged Finance Market Review & Outlook
> High yield rebounded strongly in 1Q19, underscoring commentary that the Federal Reserve’s (Fed) last rate hike was an ill-timed misread of myriad underlying data, which in turn led spooked investors in passively managed strategies to overreact. With increased liquidity and wider spreads, the U.S. high-yield bond market, as measured by the BofA Merrill Lynch High Yield Cash Pay Index, rose 7.4% during 1Q19.
> Defying its critics, the U.S. leveraged loan market, as measured by the Credit Suisse Leveraged Loan Index, showed returns of 3.78%, marking the strongest first quarter in a decade, according to Credit Suisse.
> While high yield flows during the quarter were positive, the pace of retail outflows in the loan sector slowed.
Featured in Wealth Management’s 2018 Year-End Outlook edition, Seix examines unfunded pension liabilities, a key credit concern across municipal markets, and cautions muni investors to take notice.
Investment Grade Bonds: The Anchor of Your Portfolio
A bottom-up focused, top-down aware investment approach that values liquidity, does not invest by solving for yield and is marked by transparency in process, portfolio structure and performance.
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