◀ The Principal Blog

Posts from the ‘Principal Global Fixed Income’ category

European High Yield: Still Home for Opportunities

Despite the macroeconomic challenges, including the recent Greek elections and the crisis in Ukraine, the European high yield market has rallied thus far in 2015. In fact, the Merrill Lynch Euro High Yield Index has returned 1.4% YTD as of 9 February, with spreads tightening by 10 basis points…

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Goodbye Beta, Hello Alpha: The Great Exaggeration of the Death of Actively Managed Fixed Income

Just like the phoenix in Greek mythology that rises from the ashes, the debate over active versus passive management has come back to life, based on the misperception that 2014 was rather a bad year for active management. In reality, only the fourth quarter was a bad quarter for active fixed income…

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