Inside ESG Investing at Seix
With ESG factors becoming an increasingly important part of investing, here’s how Seix’s leveraged finance, investment grade, municipal, and securitized credit teams apply such metrics.
Market Review and Outlook 2Q23 - Leveraged Finance
Leveraged loans continued to outperform expectations, up seven percent year-to-date, setting the stage for a potential double-digit year. The high yield market continued its low-quality rally during Q2 as spreads on CCCs tightened more than their BB counterparts.
Market Review and Outlook 2Q23 - Investment Grade and Tax-Exempt Fixed Income
Following two consecutive quarters of positive total returns, the investment grade bond market reverted to negative total returns as higher Treasury rates more than offset the income component and any additional excess return from tighter spreads. That being said, the robust Q1 returns leaves the mid-year total returns positive across the board.