RBC Global Asset Management - Fri, 07/19/2024 - 15:24

The Navigator: Not your father's LevFin market

In this episode of The Navigator, Senior Portfolio Manager Tim Leary and Head of Client Solutions Jason Pasquinelli discuss the evolution of the leveraged credit market, including our thoughts on leveraged loans, broadly syndicated loans and public high yield bonds. In some ways, these different elements of the leveraged credit market are in competition with one another, leading to misconceptions for investors. Join us as Tim and Jason address the current state of the market, where we are finding opportunities, and the potential for volatility driven by the upcoming elections in the US.

Key points:

Leveraged credit – market that has grown considerably and is made up of public high yield, private loans, and broadly syndicated loans.
It’s a misunderstand asset class that has matured.
There have been significant assets flows year to date.
As leveraged loans have grown, lower rated credits have moved out of public HY – improving the overall credit quality of high yield bonds.

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Contacts

RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), the 5th largest bank in North America and 8th largest in the world based on market capitalization. As an asset manager with global scope and industry-leading management capabilities, our purpose is to provide clients an unrivalled experience of investment and service excellence. With professionals in North America, Europe and Asia, RBC GAM provides a comprehensive range of investment solutions and services to both individual and institutional investors. Our global scope, knowledgeable investment professionals and commitment to excellence drive traditional and leading-edge solutions that address and evolve with our clients' investment objectives. With more than $412 billion in assets as of 3.31.23, RBC GAM's 18 investment teams composed of more than 380 investment professionals are committed to providing clients around the globe with appropriate investment solutions.

Andrew Tewksbury
Director, Institutional Sales
drew.tewksbury@rbc.com
Office – 203-241-1005

https://institutional.rbcgam.com/en/us/

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