Leveraged Loans: An All-Weather Asset Class
While loans remain a hedge against inflation and rising rates, we believe they deserve space in every investor’s fixed income portfolio, regardless of market conditions.
Market Review and Outlook 1Q22 - Leveraged Finance
Leveraged loans experienced lighter issuance, a re-acceleration of retail inflows, a decline in collateralized loan obligation (CLO) activity, and a significant two-week rally after seeing prices slide between late January and mid-March. In the high yield space, rising Treasury rates, the war in Ukraine, rising commodity prices and supply chain disruptions were the causes of the large drawdown in 1Q22.
Market Review and Outlook 1Q22 - Investment Grade and Tax-Exempt Fixed Income
Is the Yield Curve Less of a Recession Indicator Than Previous Cycles?
Vacillating between inverted and un-inverted, the yield curve is clearly signaling there is a looming policy error by the Fed and an inevitable economic impact to what it will have to do to catch up.
Our Approach to ESG
The integration of Environmental, Social and Governance (ESG) risk analysis into our existing investment process brings another level of risk assessment to our decision making process. By focusing on discrete risks and potential opportunities related to ESG, we are better able to select those companies with proven business models designed to withstand exogenous shocks. Since inception, Seix has managed portfolios for clients with social exclusions including gaming, weapons and tobacco.