The approach provides a Nordic/Global corporate credit exposure with low geopolitical risk and a sound ESG profile.
April 2024
Globally, interest rates have edged higher on diminished hopes for rate cuts. The effect on the Nordic bond markets has been rather small. Neither inverted yield curves nor elevated default raise have had the power to de-rail the Nordic markets, yet. In fact, with the rise of default rates seemingly coming to a halt for the time being, and new issues in the high-yield space consistently high, investors seem to be a bit more optimistic, lately.
Weaker NOK and SEK currencies might have played a role by being supportive of export-oriented businesses. Corporate earnings estimates are still rising, largely unaffected by higher commodity prices and a slower decline in inflation rates. (...)
