EBITDA and the perils of tooth-fairy investing
Company measures based on EBITDA are common in credit investing, even though it doesn’t project a full picture. So, what does Columbia Threadneedle do differently to get a more holistic view?
In Credit Weekly Snapshot – December 2024
Our fixed income team provide their weekly snapshot of market events.
European banks: strong fundamentals and pockets of value
It’s a sector which we’re positive on, for several reasons ranging from regulation and valuations to fundamentals.
In Credit Weekly Snapshot – November 2024
Our fixed income team provide their weekly snapshot of market events.
2025 Fixed Income Outlook: A year of opportunity amid economic uncertainty?
Soft landing supports bond performance – but will it last?
In Credit Weekly Snapshot – October 2024
Our fixed income team provide their weekly snapshot of market events.
Economic nationalism will present a constant challenge for investors
A decade ago there was little sight of the seismic changes that have since occurred; similarly, events that might be impossible to imagine today will undoubtedly jolt financial markets in coming years.
Media in search of its Jerry Maguire moment… ‘Show me the money!’
Streaming services are still adding subscribers, albeit at a slowing rate, but now the focus is turning towards their ability to stem earnings losses.
No Autumn chills for Global Investment Grade Corporate fundamentals
IG valuations remain tight, and the market remains focused on whether this is justified by fundamentals. Our bottom-up company analysis shows profitability remains strong and leverage modest.
European utilities: prepared for the spending storm
Despite huge growth in demand, costs squeezes and supply constraints around raw materials and capacity are limiting expected returns in renewables development.
