More From M&G Investments

The European loan market has reached a new level of maturity in the last three years. This evolution has brought some unwelcome features including the dilution of structural protections, like maintenance covenants. It has also brought some benefits, like the advent of multi-billion corporate issuers

At M&G Real Estate, we believe that well-serviced connectivity infrastructures help to underpin a city’s property fundamentals too. We also believe that a better understanding of connectivity can help investors to identify relative value opportunities in real estate and to future-proof their

Investor demand for environmental, social and governance (ESG) and socially responsible investment (SRI) strategies is growing at rapid pace. While exclusions-based strategies continue to dominate in Europe, surveys suggest that, by far, the most rapid growth in capital is being seen in impact

The 2017 Housing White Paper outlined the government’s strategy for helping England to “fix our broken housing market”.

Fixed income investors often underrate the value of patience as an investment strategy. Positioning portfolios defensively may be most appropriate when few viable opportunities are obvious, keeping powder dry in cash and lower risk assets, for use when opportunities are clearer. Senior fund manager,

In a low-yield environment, institutional investors are increasingly seeking secure and growing long-term cashflows, an outcome that European long lease real estate is well-positioned to offer.

This paper looks at the investment benefits of the loan asset class as a whole, the key characteristics of the markets in Europe and the US, and why it may make sense for institutional investors to consider European loans as part of a diverse investment portfolio.

Far more attention is being paid by investors to ESG matters. For the private European loan market, this raises certain challenges given that companies are typically unlisted and so are less exposed to the expectations of the exchange-traded equity and debt worlds.

M&G Real Estate has a responsible property investment (RPI) strategy which seeks to ensure that our activities enrich the lives of the people and communities we operate in and by doing so create value for our investors, society and the environment. Our RPI strategy has four focus areas:

Investors who focused on shorter duration sectors of the high yield market in recent years may have been able to experience only modestly lower returns compared to the broader market but with notably lower volatility. Senior fund manager, David Fancourt, looks at the prospects for such an approach.