Perspectives from Royal London Asset Management

Crunching credit podcast - January 2025

In our latest Crunching credit podcast we discuss recent bond market performance against the backdrop of inflation that is both sticky and above central bank targets, which has pushed government bond yields higher and steepened the yield curve. We also look at the interesting company stories the team have uncovered across sectors as diverse as cars, oil and mattresses.
Azhar Hussain, Royal London Asset Management’s Head of Leveraged Finance, discusses these points and more with Ewan McAlpine, Investment Director, as they look at some of the key themes impacting global credit markets.
Recorded: 15 January 2025Duration: 11 mins
The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.

Fixed income 5 points podcast - January 2025

Will the divergence of macro conditions across major markets persist, and with President Trump about to take office, how might policy rates and yield curves develop from here? And when it comes to opportunities in private debt, where are we now regarding the relationship between the illiquidity premium and position in the credit cycle?
Will Nicoll, Head of Fixed Income and Private Assets, discusses these questions and more with Ewan McAlpine, Investment Director, as they analyse the key issues currently impacting fixed income markets.
Recorded: 09 January 2025Duration: 21 mins 
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.
 

Fixed income 5 points podcast - December 2024

What are the important elements to consider when it comes to building effective teams and investing successfully across fixed income and private assets markets? And as we reach the end of the year and look forward to 2025, what are the key factors across markets and economics that investors should consider?
Jonathan Platt, Royal London Asset Management’s outgoing Head of Fixed Income, alongside Will Nicoll, our new Head of Fixed Income and Private Assets, look to both the past and the future as they discusses these questions and more with Ewan McAlpine, Investment Director, and analyse the key issues impacting fixed income markets.
Recorded: 12 December 2024Duration: 20 mins 
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.

Crunching credit podcast - December 2024

In our latest Crunching credit podcast we discuss recent bond market performance, where a surprisingly quick US election result led to a relief rally, with both government and credit spreads tightening and resulting in healthy fixed income returns. We also look at the interesting company stories the team have uncovered across airlines, radio stations and staple of the UK high street, Marks & Spencer.
Azhar Hussain, Royal London Asset Management’s Head of Leveraged Finance, discusses these points and more with Ewan McAlpine, Investment Director, as they look at some of the key themes impacting global credit markets.
Recorded: 11 December 2024Duration: 8 mins
The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.

Crunching credit podcast – November 2024

In our latest monthly global credit podcast we discuss recent bond market performance, and the continued tightening of spreads and falling default rates. We also look at the interesting company stories the team have uncovered, from Boeing’s financial troubles to the ongoing impact of Morrison’s leveraged buyout.
Azhar Hussain, Royal London Asset Management’s Head of Global Credit, discusses these points and more with Ewan McAlpine, Investment Director, as they look at some of the key themes impacting global credit markets.
Recorded: 20 November 2024Duration: 10 mins
The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.
 

Fixed income 5 points podcast – November 2024

Given the tax rises and increased borrowing laid out in the latest budget, how can the UK boost economic growth? And with the election of Donald Trump as the next US President, what are the possible challenges around US debt levels and potential inflation that investors should consider?
Jonathan Platt, Royal London Asset Management’s outgoing Head of Fixed Income, discusses these questions and more with Ewan McAlpine, Investment Director, as they analyse the key issues impacting fixed income markets.
Recorded: 13 November 2024Duration: 20 mins 
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.

Global credit podcast – October 2024

Against the backdrop of another strong month for fixed income returns, as spreads stayed tight and government bond yields tightened further, how have issuance and default rates developed? With talk about the increased significance and market size of private credit, is the role and importance of public markets changing?
Azhar Hussain, Royal London Asset Management’s Head of Global Credit, discusses these points and more with Ewan McAlpine, Investment Director, as they look at some of the main company stories impacting markets.
Recorded: 14 September 2024Duration: 11 mins
The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.
 

Fixed income 5 points podcast – October 2024

What is underpinning the ongoing strength of the American economy and what are the implications for future rate cuts there? With inflation dipping but growth lacklustre in the UK, what options does the Chancellor have at the upcoming budget, and where could that leave the Bank of England?
Jonathan Platt, Royal London Asset Management’s Head of Fixed Income, discusses these questions and more with Ewan McAlpine, Investment Director, as they analyse the key issues currently impacting fixed income markets.
Recorded: 10 October 2024Duration: 20 mins 
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.

Global credit podcast – September 2024

How have issuance and default rates been developing, and what has driven the recent phenomenon of a lack of ‘fallen angels’ and increase in the number of ‘rising stars’ in fixed income markets? Which are some of the well known companies that have been upgraded to investment grade, and is there a common theme for investors to take note of?
Azhar Hussain, Royal London Asset Management’s Head of Global Credit, discusses these points and more with Ewan McAlpine, Investment Director, as they look at some of the main company stories impacting markets.
Recorded: 13 September 2024Duration: 9 mins
The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.

Fixed income 5 points podcast – September 2024

What has been the impact of a change in government and new policies for UK bond investors? What are the implications of the latest ECB rate cut, and the new report from Marion Draghi on EU competitiveness, for investors in Europe and beyond?
Jonathan Platt, Royal London Asset Management’s Head of Fixed Income, discusses these questions and more with Ewan McAlpine, Investment Director, as they analyse the key issues currently impacting fixed income markets.
Recorded: 12 September 2024Duration: 18 mins 
Past performance is not a guide to future performance. The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.