The gradual exit of banks from business lending due to increased global financial regulation is driving attractive opportunities in private credit, but increased competition among non-bank lenders is causing looser covenants and higher leverage, according to Justin Ferrier, managing director, Asian private credit, at global asset manager BlackRock.
Australian power generation will continue to tilt towards renewables as more ageing coal-fired generators are taken offline and consumer and investor demand continues to grow.
Asset owners have been notoriously poor at drawing short-term investable insights from political and geopolitical events, but analysing long-term trends can be useful in helping investors prepare for future markets, experts say.
Investors need to be aware of the underlying exposures in alternative risk premia, particularly the equity risk, which can sometimes be hidden.
Reward for risk has shifted down across the world but is into negative territory in US equities and bonds, a rarely experienced scenario, Morningstar capital markets head Philip Straehl has…