All the Credit

In this episode of All The Credit, PGIM Fixed Income's panel discusses the latest emerging trends in the global banking sector, which include the rapidly growing interest in central bank digital currencies. Host and Senior Portfolio Manager Michael Collins, CFA is joined by Chief European Economist Katharine Neiss, PhD, and European Investment Grade Credit Research Analyst James Hyde for a conversation on disruptions in the sector, what's driving the ongoing resilience in global banks, and how our team views investment risks and opportunities. Katharine Neiss also recently authored an entry on "The Bond Blog @ PGIM Fixed Income" on the ECB's push for a digital currency, which you can find here: https://pgimfixedincome.blog/behind-the-ecbs-digital-currency-push/. This episode was recorded on November 4, 2021.

Episode 20 of All The Credit® covers the current topics impacting emerging markets– idiosyncratic issues, the unique inflationary challenges facing EM nations, how developed markets impact the sector, China, and more. Cathy Hepworth, CFA, Head of Emerging Markets Debt, joins Host and Senior Portfolio Manager Michael Collins, CFA, to provide her insights on what her team is watching across the range of emerging market strategies managed at PGIM Fixed Income. (Recorded on September 29, 2021)

With approximately 100 years of investment experience across the three-member panel, this episode of All The Credit delves into the nuances of the current global credit cycle with a special focus on how the "rising star" phenomenon is impacting investment grade and high yield markets. Host and Senior Portfolio Manager Mike Collins welcomes PGIM Fixed Income’s Terence Wheat, Co-Head of the U.S. Investment Grade Corporate Team, and Steve Logan, European Leveraged Finance Portfolio Manager, for an assessment of how their teams are approaching this environment, what’s driving the current shift, and potential opportunities for credit investors. Recorded on August 24, 2021

In this episode of All The Credit, a panel of senior investment professionals from PGIM Fixed Income and PGIM Real Estate explore if there’s a housing bubble, how return to work scenarios could impact commercial office markets, what the future holds for retail, lodging, warehouses, and much more. This wide-ranging discussion of all things real estate features Lee Menifee, Head of Americas Investment Research at PGIM Real Estate, and he’s joined by Sean Beggan and Gabe Rivera of PGIM Fixed Income’s Securitized Products Team.

With inflation rising, shortages of key goods due to rising demand, and disruptions abound in the global supply chain, PGIM Fixed Income's All The Credit assesses the top-down macroeconomic factors at play and delves into some of the supply chain bottlenecks causing angst. Importantly, this episode also shares what the current environment means for fixed income investors. Host and Senior Portfolio Manager Mike Collins is joined by Chief Economist Nathan Sheets and Senior Credit Analysts John Smigelsky and Jake Kemeny to assess how investors can make sense of the current state of the ever-changing and newsworthy global supply chain.

Hear from PGIM Fixed Income's Lead Economist for Asia Gerwin Bell, PhD, and EMD Portfolio Manager Johnny Mak as they take a deep dive into all things China: the economic growth outlook, potential demographic challenges, the country's fundamentals, industry winners, an update on global trade agreements, and more in this episode of All The Credit. Episode 16 also includes our firm's positioning given the macroeconomic view on China, as well as a follow-up discussion to a recent paper co-authored by Gerwin Bell entitled "Three Focal Points for the U.S.-China Relationship," available now on PGIMFixedIncome.com. Listen and subscribe to All The Credit wherever you find your podcasts. (This episode was recorded on May 18, 2021). 

This episode of PGIM Fixed Income's podcast All The Credit provides listeners with, quite literally, a view of all the credit. From corporate fundamentals to sector winners and losers, Rich Greenwood, Head of PGIM Fixed Income's Credit Group, delivers his insights on the credit market amidst the COVID-19 recovery. Greg Peters, Head of Multi-Sector and Strategy, provides his take on the evolution of asset classes, the predicted duration of what he's coined as The Golden Age of Credit, as well as how our team is positioning multi-sector portfolios given market fundamentals and the current opportunity set.

With trillions of dollars in negative yielding debt around the world, money market rates pegged at zero, and relatively tight credit spreads, recent surveys of investors reveal plans for potential large allocation shifts from long-only strategies into a variety of alternatives. On this episode of All The Credit, Host Mike Collins invites Erik Schiller, Head of Liquidity, Mick Meyler from PGIM Fixed Income's Developed Market Rates team, and Mike Niosi from our Client Advisory Group to provide their view of the Alternatives market, including what draws investors to these strategies, the current risks and opportunities in the market, and more. 

In this episode of All The Credit, Mike Collins welcomes Chief Economist Nathan Sheets and Chief Investment Strategist Robert Tipp for an analysis of the economic, market, and political journey we’ve taken in the past year as well as a forward-looking conversation on what investors can expect as the recovery continues. Mike and his guests discuss the pace and magnitude of the recovery thus far, including support in terms of economic fiscal stimulus and private sector innovations. All of this leads to a constructive outlook in 2021, with future thoughts on what happens in the years to come. Listen today to hear the potential investment implications for active, fixed income investors. 

In this episode of All The Credit, Senior Portfolio Manager and Host Mike Collins welcomes two of our London-based colleagues to discuss what makes the European High Yield, Bank Loan, and CLO markets attractive for investors. Jonathan Butler, Head of European Leveraged Finance, discusses our current outlook, including the five factors supporting an allocation to European High Yield, and Asha Narayan, CLO Portfolio Manager, discusses PGIM Fixed Income's approach to CLO management and how it can fit into an active, fixed income portfolio. Listen and subscribe to All The Credit wherever you find your podcasts for insights for active, fixed income investors.