The global COVID-19 pandemic led to significant dislocations in markets, prompting central banks and governments around the world to intervene. These actions resulted in a fast recovery in some asset prices, but not all. A number of assets remain disconnected from their fundamentals or continue to trade at distressed levels, particularly in credit. We see opportunities in several areas, including in public corporate and structured credit, stressed credit, and real estate debt. As we move through this cycle, we expect opportunities to continue to shift. We believe that investors who consider a broad credit spectrum for investment have the potential to generate attractive returns. The credit landscape is large and complex, so a flexible approach is key to finding inefficiencies and driving success.
To learn more, download the full article above.