White papers

The Timeless Case for Floating-rate Loans

Eaton Vance | Jun 10, 2016

Floating-rate loans deserve consideration as a strategic portfolio allocation because they can offer:
■ Attractive yields – The rate on loans was among the highest global fixed-income sectors (as of 30 April 2016).
■ Protection against interest-rate risk – Loans have near-zero duration and rates that move with the underlying benchmark – typically Libor.
■ A structure designed to mitigate credit risk – Senior/secured positioning in the capital structure offers a layer of protection that is unique in the corporate fixed-income market.
■ A forward-looking allocation – Loans historically have outperformed the broad bond market in flat and rising rate environments. We believe loans are likely to be an important source of diversification in the coming years.

The Timeless and Timely Case for High Yield Bonds

Eaton Vance | Jun 2, 2016

■ High-yield bonds occupy a special capital market niche: They have offered better risk-adjusted returns than equities and lower interest-rate sensitivity than the broad fixedincome market.
■ To date, high-yield bonds have been less vulnerable to the adverse effects of rising rates than other fixed-income sectors and have provided positive total returns in rising rate markets.
■ Adding high-yield bonds to a broad fixed-income allocation has improved portfolio efficiency, based on 10-year hypothetical performance of blended portfolios.
■ Recent problems in the energy sector sparked a broad sell-off of high yield, resulting in value opportunities for investors with the expertise and diligence to select quality issuers.

Shifting Gears to a Market Neutral Approach

Pioneer Investments | May 23, 2016

Pioneer Investments believes its Market Neutral European Equity Strategy is differentiated from the competition due to a team approach to finding alpha across 13 different alpha sources.

Building for the future: How alternative investment managers are rising to the demographic challenge

BNY Mellon | May 22, 2016

BNY Mellon’s latest research shows that private equity, real estate and infrastructure managers anticipate strong growth in assets in the next 5 years.

Collateral Management: Navigating the Regulatory Maze

BNY Mellon | Mar 18, 2016

Read about the new regulations relating to collateral management requiring industry participants to understand the ‘consequences of change’.

UCITS White Paper

Citi | Feb 28, 2016

Citi introduces the first installment of the Cross-Border Survey, titled “UCITS at 26: Still European at Heart.” This three-part series will help clients navigate recent developments in the cross-border fund marketplace.

Russell Investments Smart Beta White Paper

Russell Investments | Feb 28, 2016

In January 2014, Russell’s index business conducted a survey of institutional asset owners in North America and Europe to better understand the perceptions and adoption of smart beta within these important investor populations. Read findings in this white paper.

Innovation in Payments - The Future is Fintech

BNY Mellon | Jan 15, 2016

BNY Mellon examines fintech's growing capabilities and explains why bank-fintech partnerships could hold the key to unlocking the true potential of digital payments.

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