Investing Through Inflation

In an environment characterized by decades-high inflation and rising rates, some of the most compelling opportunities are likely to be in asset classes that are naturally positioned to survive—and maybe even thrive.

Floating-Rate Assets

SHORT-DURATION SOLUTIONS

INFLATION BENEFICIARIES

I N F L A T I O N T O O L K I T

Floating-Rate Assets

Assets with floating-rate coupons can provide a natural hedge against rising rates, such as broadly syndicated and middle market loans, as well as CLOs—which offer the added benefit of structural protections.

Public Fixed Income

High Yield: A Compelling Risk-Reward Picture for Long-term Investors

Markets will likely remain on edge in anticipation of a central bank policy pivot, but high yield continues to present compelling total return opportunities for investors willing to ride out the volatility.

Short View – 3 min read

Real Estate

European Real Estate Debt: Why Now?

Against a backdrop of decades-high inflation and rising rates, real estate debt is worth considering—especially given the potential for attractive returns, duration risk mitigation, and diversification.

Insights – 6 min read

Private Credit

Five Reasons Private Assets May Offer Shelter from the Storm

Given the challenges in today’s market, private assets can offer a number of advantages—from an illiquidity premium, to diversification, to protection from rising rates and inflation.

Insights – 6 min read

I N F L A T I O N T O O L K I T

Short-Duration Solutions

Short-duration strategies, from global high yield bonds to short-dated bonds in developed and emerging markets, look compelling in a rising rate environment—given that they have lower duration risk and are therefore less sensitive to changes in rates.

Public Fixed Income

EM Debt: Uncovering Opportunities in a Market Rife with Risk

With a number of risks facing emerging markets today, capital allocation is difficult and often a function of an investor’s appetite—but opportunities do still exist.

Short View – 4 min read

Public Fixed Income

High Yield: Four Considerations for the Months Ahead

High yield has faced a multitude of challenges this year, but we believe there is still value on offer across both high yield bonds and loans—including in less conventional places.

Insights – 6 min read

Public Fixed Income

High Yield: When Volatility Creates Opportunity

Investors are back at their desks and volatility has returned with them. How can they navigate an environment characterized by rising rates and decades-high inflation? Scott Roth and Adrienne Butler answer this question and more in the latest episode of Streaming Income.

Podcast – 37 min listen

I N F L A T I O N T O O L K I T

Inflation Beneficiaries

A number of sectors have historically been more resilient than others in an inflationary environment. Real estate assets, and companies that produce or distribute natural resources and commodities, can benefit from a rise in prices.

Public Fixed Income

The I's of the Storm: Interest Rates, Inflation & the IMF

Could the market be wrong on inflation? Is China more of a drag on the global economy than commonly perceived? And how can investors navigate this extremely difficult macro backdrop? Ricardo Adrogue answers these questions and more in the latest episode of Streaming Income.

Podcast – 35 min listen

Public Equities

Natural Resources: Bridging the Gap to a Cleaner Future

There is a strong case to be made that resources companies are part of the solution—not the problem—when it comes to tackling climate change.

Insights – 7 min read

Public Equities

Powering the Transition to Renewable Energy

Head of Global Resources, Clive Burstow describes the massive structural investment needed in the years ahead to transition to an energy grid powered by renewables. He weighs in on the roles new technologies, geopolitical conflict, and inflation will play along the way.

Podcast – 28 min listen

Featured Strategies

Public Equities

Public Fixed Income

Investments in the listed asset classes involve risks, including the potential for default, low recovery, and low liquidity, all of which can result in a loss of a substantial portion of the investment. Investing in non-US securities may also involve a higher risk.