Credit

With this transaction on a 5-year maturity, Sfil extends its dollar reference curve by a further 2 years and contributes to diversifying its medium- to long-term financing sources after 2 euro transactions launched during the 1st half at 5 and 7 years.

The last decade has seen a growth bias among financial assets, one that has become entrenched in equity indices. At the same time, bonds seemingly shed much of their protective qualities, offering investors very little by way of diversification.

As an ever-more-aggressive rate-hiking cycle rocks the financial markets, might corporate credit offer a space that is both remunerative and relatively calm? Last week brought the third consecutive 75-basis-point rate hike from the U.S. Federal Reserve. The market had even priced in a meaningful risk of a full percentage point.

According to Simon Thorp, Fund Manager of the Aperture Investors SICAV - Credit Opportunities Fund (ACOF), a more inflationary environment has a direct impact on the valuation of its long positions. In such a context, he aims to reduce the duration of our portfolio...

One billion euro for new growth and financing opportunities to over 100 European SMEs and Mid-Caps affected by the economic impacts of the pandemic.