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Insights

Here you can find insights, thought leadership and market commentaries, compiled by our expert teams.

The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.

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2020 MAY

Insights

David Fancourt, senior credit portfolio manager

27/05/2020

European high yield credit update

Credit markets stabilised in April; however, a wide dispersion of spreads means active stock-pickers can still find potential opportunities.

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Insights

M&G Investments

01/05/2020

Pandemic: The inextricable link between human, animal and ecosystem health and the emergence of communicable disease

The impact of COVID-19 has been significant in virtually every aspect of human life. A consequence of this is the way it is changing how we assess, value and engage with the companies in which we invest.

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2020 APR

Insights

David Fancourt, senior credit portfolio manager

27/04/2020

Covid 19 update: European high yield market moves - Fallen angels – how to ride the upcoming wave

The coronavirus pandemic and low oil prices have led to a surge in ‘fallen angels’, companies downgraded from investment grade to sub-investment grade. We look at how this is affecting European high yield credit markets and what the implications may be over the longer term.

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Insights

M&G Investments

24/04/2020

European private debt: shifting dynamics

Our paper examines the main sources of deal flow across Europe’s broad and dynamic private debt markets in 2019, highlighting some of the key observations or themes influencing deal activity in different parts of the market. We also discuss the broad themes that we believe are key to investing in private debt and can help well-positioned lenders access and align opportunities that can deliver the specific outcomes sought by investors.

The Covid-19 pandemic has created unprecedented uncertainty, but even during this time it’s important not to lose sight of the long term.

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Insights

Jose - Luis Pellicer, Head of Investment Strategy, M&G Real Estate

22/04/2020

Covid-19 real estate update - Initial impacts of Covid-19 coronavirus

Economic disruption is feeding through to real estate markets, with the impact of the crisis currently most evident in occupier markets. Though partly mitigated by unprecedented government intervention, investors must adapt to the new ‘normal’ and prepare to navigate both the challenges and opportunities that turmoil may bring. In this paper, we shine a light on the initial impacts on real estate markets.

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Insights

Richard Ryan, senior fund manager

17/04/2020

Public credit – The end of the beginning

Credit markets have continued to develop in recent weeks as participants digest events and various official intervention strategies, and consider the ramifications for taking credit risk in the future.

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Insights

M&G Investments

09/04/2020

Covid-19 and consumer and mortgage finance: It’s not 2008 all over again

We believe that the aftermath of the Covid-19 pandemic will play out quite differently to the global financial crisis. While the past decade was arguably the decade of the corporation, could this be the decade of the consumer? In this paper, M&G’s Specialty Finance team examine the reasons why they believe this to be the case and discuss what that means for investment strategies.

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Insights

09/04/2020

Covid-19 and European high yield: a case of "darkest before dawn"?

This update provides fresh insight into the rollercoaster ride for European high yield investors in March and early April.
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Insights

James King, director of fixed income

07/04/2020

Covid-19 and European ABS: Resilience under stress testing

In light of the extreme price moves in European ABS, we ran a number of Covid-19-specific stress-tests on securities. This paper details the outcomes.

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Insights

02/04/2020

COVID-19 impact on European ABS Price dislocation creates opportunities

The European ABS market has experienced incredible price moves, which are now at their most disconnected relative to the fundamental credit resiliency of these instruments since the depths of 2008/9 in our view. This paper is a 4-minute read.
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Insights

M&G Investments

01/04/2020

Covid-19 – further thoughts on finding credit opportunities

Pricing in credit markets continues to react and move rapidly, and we are using that price action to identify and take advantage of opportunities as they arise.

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2020 MAR

Insights

M&G Institutional

31/03/2020

Covid-19 Fixed Income update: Market and economic effects of Covid-19 coronavirus

Last week was another astonishing period for global markets as the impact of Covid-19 spread through populations and economies worldwide. This wrap-up of reaction from our investment teams offers insight into how the turbulence is playing out across asset classes. This paper is a 9-minute read.
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Insights

Richard Ryan, senior fund manager

31/03/2020

The value view - finding opportunities in adversity

Asset markets have been subject to extreme volatility in recent days. M&G’s institutional public debt team has been maintaining a close watch on credit markets with a view to identifying attractive opportunities.
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Insights

31/03/2020

New mallowstreet and M&G Private Debt report reveals UK pensions industry views

We take a closer look at some of the key findings that emerged from our recent research project in partnership with mallowstreet Insights focused on private debt.
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Insights

M&G Investments

26/03/2020

Covid-19 – our thoughts on the European loan market

Market dynamics remain highly changeable in this unpredictable environment. In the latest update from M&G’s Leveraged Finance team, read about what has been happening in the European loan market and why investors would do well to remember the underlying strengths of the loan asset class during this time of volatility.

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M&G plc

20/03/2020

M&G plc response to COVID-19

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Market summaries

M&G Investments

19/03/2020

Current credit market perspectives of
Covid-19

As financial markets bounce and dive in reaction to news and shifting sentiment surrounding Covid-19, we provide some perspectives of the public and private credit markets across M&G’s institutional businesses.

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Insights

M&G Investments

03/03/2020

Impact investing in action – helping to create a cycle of positive change

Through our commitment to MEF, a global microfinance debt fund, our clients have the opportunity to lend for impact by giving micro and small entrepreneurs in developing countries better access to affordable and appropriate finance, and thereby contribute to the improvement of their lives and prospects as a result of the financing provided.

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