Private debt
20 min read 20 Feb 20
Summary: Though duration was the friend of fixed income in 2019, the lack of duration in the floating-rate loan did not detract from its appeal and the market again exhibited fewer wild swings than other asset classes – but will 2020 bring more of the same? In this paper, our Leveraged Finance fund management team share their views on the dynamics that drove the European leveraged loan market in 2019, and discuss the prospects for the asset class this year.
The value of investments will fluctuate, which will cause prices to fall as well as rise and investors may not get back the original amount they invested.