EN United States Institutional Client Portal About Us Strategies Funds Viewpoints Institute Newsroom Contact Home / Strategies Investment Strategies Our expertise across a wide range of strategies drives innovative solutions. Public Fixed Income Public Equities Private Credit Real Estate Private Equity Barings leverages its depth and breadth of expertise across the global fixed income, equity, real estate and alternative asset markets to help our clients achieve their investment goals. Our global presence across traditional and alternative asset classes provides our clients opportunities to earn risk-adjusted returns that may not be available using traditional benchmark-based strategies. See our related Viewpoints Public Fixed Income Barings’ broad capabilities and expertise provide an opportunity to go beyond traditional fixed income strategies and access credit investments spanning the quality, yield and liquidity spectrum. High Yield We seek to identify attractive relative-value opportunities across global high yield asset classes. Learn More Structured Credit As one of the longest-tenured investors in the market, Barings has developed unique capabilities in understanding and identifying opportunities in global structured credit markets. Learn More Emerging Markets Our team of seasoned investment professionals is well positioned to identify value across corporate and sovereign emerging markets. Learn More Investment Grade We combine deep resources and a disciplined investment approach seeking to produce a track record of outperformance for our clients across a variety of strategies. Learn More Public Equities We build high-conviction portfolios based on fundamental, bottom-up research and ESG integration. Our approach emphasizes quality, growth and upside to identify companies with strong growth potential. Emerging Market Equities Our emerging market strategies aim to deliver long-term capital growth by drawing on our extensive research platform. Led by our experienced team of investment professionals, we seek to build high conviction portfolios in global emerging markets. Learn More Small Cap Equities Our team aims to deliver long-term capital growth by investing in small cap companies, targeting strong risk-adjusted returns through a disciplined approach to stock selection. Learn More Global & International Equities Our global and international strategies aim to deliver long-term capital growth. We seek to build high-conviction, high-active share portfolios that draw on the strongest ideas from our research platform. Learn More Private Credit Our private credit expertise includes middle market corporate credit, corporate private placement debt and infrastructure debt. With more than 50 years of credit experience, our team understands how to most effectively invest in private debt instruments to evaluate and capture the additional yield potential of illiquid and less liquid credit-based investments. Global Private Finance Our team of over 70 dedicated investment professionals located in North America, Europe and Asia Pacific is focused on providing investors access to unique opportunities up and down the debt capital structure. Learn More Global Infrastructure Debt Our dedicated infrastructure debt team has global scale and presence, and has invested over $32 billion across core infrastructure and energy assets since 2010. Learn More Corporate Private Placements Our highly experienced and dedicated investment team consists of professionals from both the banking and asset management sectors, with an average of more than 20 years of experience in private placement activity. Learn More Global Private Structured Finance Offering broad access and bespoke investment solutions across residential, consumer and commercial asset-backed investments. Learn More Real Estate One of the world’s largest diversified real estate investment managers, Barings offers a broad spectrum of solutions across private real estate debt and equity. Our expertise spans all major property sectors, while our research-based and locally executed investment approach seeks to uncover relative value and is designed to deliver compelling risk-adjusted returns to our clients. Real Estate Debt Our team invests in loans secured by institutional-quality commercial real estate in strategic locations in North America and Europe using our broad direct origination capabilities and deep credit expertise. Learn More Real Estate Equity Our team secures access to investments across the risk spectrum and around the globe, applying an active management approach in an effort to maximize each asset's potential. Learn More Affordable Housing Investments Our team is focused on and dedicated to delivering “best in class” service to developers and sponsors who seek a lending partner that understands and appreciates their business plan to grow and close on opportunities efficiently and seamlessly. Learn More Private Equity Barings seeks to find differentiated sources of return across private equity, real assets and asset-based investments. Funds & Co-Investments We provide tailored, diversified portfolios of traditional private equity and real assets through integrated portfolio management. Learn More Private Equity/Real Assets We focus on direct, control investments in real assets and asset-based business. Learn More Related Viewpoints Investing Through Climate Risk Across every asset class, investors are facing the reality and urgency of climate change and its associated risks. View Successfully Deploying Private Debt: The Secret is in the Source The method used to source private debt can greatly impact risk and return. John McNichols and James Moore examine how origination strategies can supplement syndicated market returns. View Metaverse & the Disruption of the Internet The sci-fi inspired vision behind an idealized metaverse is clear—but the road to get there is uncertain. As the industry tries to adapt existing business models to fit this new (virtual) reality, which companies will be the winners? View Public & Private Credit Market Roundtable In this roundtable discussion, our credit market experts across public and private markets offer their views on everything from inflation and the direction of interest rates, to where they’re seeing pockets of value. View 2022 Public & Private Credit Market Outlook Barings' credit market experts weigh in on the future prospects for asset classes ranging from high yield and emerging markets debt to CLOs and private credit. From interest rates and inflation, to supply chains and COVID, the group discusses the risks and opportunities ahead. View EM Debt: Why Passive Strategies Often Miss the Mark When it comes to emerging markets, index tracking can result in both increased risks and missed opportunities. View Recovery Gathers Further Momentum The U.S. property market recovery continues unabated in the current economic climate. The Barings Real Estate team weighs in. View Has the Retail Sugar Hit Passed? In the third quarter, European real estate investment broadly recovered to pre-pandemic levels. The Barings Real Estate team weighs in. View The Next Generation of Business Development Companies Jon Bock, CFO of Barings BDC, describes the transformational development of BDCs as an asset class, explains the trends driving M&A in the space and sheds light on why the asset class continues to garner increased attention from investors. View Making BDCs More Investor-Friendly Read Institutional Investor Magazine’s take on how Jonathan Bock and the Barings’ team are aiming to make the BDC asset class more investor-friendly by focusing on alignment and structuring innovative M&A transactions. View Three Trends Driving Today’s European Private Credit Market Incumbency, a laser focus on risk mitigation, and a unique approach to ESG are critical in this “winner-takes-all” environment. View CLOs: Supply/Demand Dynamics Driving Opportunities As heavy supply creates bottlenecks for investors and dealers, refinancing and reset transactions continue to look attractive, particularly BB tranches. View Uncovering Growth & Innovation in Germany's Hidden Champions Across the German equity market, small and medium-sized companies that are leaders in their fields, and have access to innovative technologies, look well-positioned for long-term growth. View IG Credit: Higher Rates on the Horizon With rate hikes potentially on the horizon, and spreads fairly tight, there may be benefits to a multi credit strategy that looks beyond traditional IG corporate credit—to areas such as EM corporate debt and CLOs. View European Real Estate: Finding & Creating Value Today Portfolio manager, Rory Allan, joins Streaming Income to discuss the health of European real estate markets today, where the team is currently seeing—and creating—the most value, and how ESG considerations are continuing to change the investment landscape. View High Yield: Still Strong, Despite Market Jitters Bouts of short-term volatility are almost a given going forward—but in our view, much of the recent market concern overlooks how strong the average high yield company is today. View From Rates, to Growth, to China: What’s Next for EM Debt? While volatility resurfaced in the third quarter, there are a number of positive factors that continue to support EM sovereign, corporate and local debt. View Measuring a Country’s Carbon Emissions: A Debate with High Stakes Why some metrics are more accurate, more equitable, and more efficient than others. View European Private Credit: Winner Takes All? Mark Wilton, a portfolio manager in Barings’ Global Private Finance Group, describes the competitive backdrop in European private credit, including what's driving manager outperformance and access to deal flow, as well the ever-increasing focus on ESG. View High Yield: Why Fundamentals May Be Stronger Than You Think Barings’ David Mihalick and Chris Sawyer assess the health of the global high yield bond and loan markets against a backdrop of COVID uncertainty, potentially higher rates and an ever-increasing focus on ESG. View Growing Pains for EM Corporates Amid China's Regulatory Crackdown Chinese corporates are experiencing growing pains as fines and restrictions rain down on sectors like tech, real estate and education—but select opportunities are emerging as well. View Private Debt Roars Back to Life In this roundtable, Ian Fowler and other industry experts discuss private credit’s bounce back and the frenzied deal-making environment of late. View Keeping Real Estate Portfolios Above Water Amid Rising Sea Levels As investors increasingly turn their attention to climate risks, concerns about global sea level rise are more frequently influencing investment decisions in real estate markets. The Barings Real Estate team discusses how to measure, analyze and mitigate such risks. View The Future of Office: From Uncertainty to Opportunity There are three key drivers that will shape office demand in the recovery ahead—and ultimately determine which assets and markets will be the winners and which will be the losers. View European Real Estate: To Build or Not to Build? Higher build costs and longer construction periods pose a potential headwind for profits. But in select markets, developers have the ability to charge a premium rent and potentially exceed required returns. View Software’s Big Bang An important transformation is happening in the software industry today, which is likely to see the sector’s growth continue to outpace the rest of the IT industry—and the broader economy—for many years to come. View How Innovations in Private Credit Are Driving ESG Progress Sustainability-linked loans are among the new ways lenders are providing incentives for middle market companies to strengthen their ESG practices. View EM Debt: Assessing the Impact of China’s Crackdowns Omotunde Lawal, Head of EM Corporate Debt, sheds light on China’s recent regulatory crackdowns on industries ranging from technology to education to property, and explains the risks and opportunities these actions may present for fixed income investors. View Uneven Recovery Broadens and Gains Pace The surge in economic activity is flowing through to the U.S. property markets, albeit unevenly and with its usual lag. The Barings Real Estate team weighs in. View Is Real Estate An Effective Inflation Hedge? Long-term sector structural trends in demographics, technological change and ESG are key to long-term income growth—and therefore capital flows and pricing. The Barings Real Estate team weighs in. View ESG in Smaller Companies: An Overlooked Opportunity? When it comes to ESG, smaller companies have their own unique challenges—which can also provide opportunities for active managers to identify unrecognized growth and undervalued companies. View The More Things Change, the More They Stay the Same Core CMLs can offer a number of benefits to insurance investors—from a material spread premium over similarly rated corporates, to low historical defaults and delinquency rates, to diversification. View Views from the LPAC: Four Trends Shaping Private Equity in 2021 In our 25+ years of investing in private markets, Barings has held hundreds of LPAC seats. Here, we offer insights on the issues and trends currently under debate between LPs and their GPs. View Demystifying BDCs Jonathan Bock, Chief Financial Officer of Barings BDC, explains what business development companies (BDCs) are, the benefits they can potentially provide, and how investors can access them. View Three Reasons for EM Corporate Short Duration Debt While the potential for inflation and rising rates could create a headwind for EM debt, a short duration approach can provide an opportunity to pick up incremental yield and diversification, with less volatility. View IG Credit: Flexibility is Key While uncertainty remains around rates and inflation, opportunities continue to emerge across IG credit, including in areas outside of traditional corporate bonds. View Deja vu for CLOs? Heavy supply around quarterly payment dates has led to predictable periods of spread widening in the CLO market—creating attractive relative value opportunities up and down the capital structure. View The Wind Remains at High Yield's Back (For Now) Accelerating economic growth and improving corporate financial conditions, coupled with a manageable default picture, continue to bolster high yield. But with ongoing uncertainty around inflation and rates, loans in particular may be worth consideration. View EM Debt: Fundamentals Back to the Forefront The EM growth picture remains positive, but with the Fed’s hawkish pivot toward quarter-end, sovereign and corporate debt look better positioned than local currencies. View ESG: Managing Climate Risk in EM Corporate Debt Portfolios EM companies are making strides when it comes to capturing and disclosing climate risks, but there is work still to be done. Encouragingly, investors and managers are often able to go a few steps further to fill the gaps. View ESG Innovations in Private Credit Aaron Gillespie, portfolio manager in Barings Global Private Finance group sheds light on the evolving landscape for analyzing and incorporating ESG factors into private credit investing, including recent innovations like sustainability-linked loan agreements. View CLOs: The Proof is in the Process In this Q&A, Adrienne Butler discusses Barings’ longstanding presence in the CLO market and shares her views on what it takes to navigate the often-misunderstood asset class. View Will America Learn from Canada’s Infrastructure Success? Canada and the U.S. share a commitment to improving domestic infrastructure—with Canada in the midst of a $180 billion strategy and the U.S. negotiating what could become a $1 trillion infrastructure package. What can these two neighbors learn from each other? View EM Debt: How ESG & Economics Are Shaping the Outlook Ricardo Adrogue and Kawtar Ed-Dahmani see room for positive economic surprises in emerging markets despite concerns from COVID to higher interest rates to inflation. View Internet 3.0 and the Next Wave of Innovation While Internet 3.0 promises significant disruption, it seems to be more of an evolution of Internet 2.0—and anyone writing off the winners of the Internet 2.0 era should be wary. View Global Resources: Poised for Long-Term Growth? From decarbonization to renewable energy, there are a number of structural trends unfolding that should provide a supportive backdrop for natural resources going forward. View ESG in High Yield: Three Challenges Facing Managers Today High yield portfolio manager, Gareth Hall, provides insight into three ESG challenges facing high yield managers today—from influencing company behavior as debt holders, to measuring carbon emissions and advocating for their reduction, to solving for data limitations. View From Diets to Tech: The Opportunity in Sustainable Agriculture A technological revolution is reshaping the agricultural landscape, creating opportunities in companies that are increasing the sustainability of arable farming and protein production. View ESG in Asia: Accelerating Momentum The ESG regulatory landscape in Asia is quickly evolving, making sustainable practices an increasingly integral factor in investment decisions. As a result, Asian companies with better or improving ESG disclosures look well-positioned going forward. View Spring Is Here With vaccinations making steady progress, the near-term outlook for the U.S. economy is as bright as it’s been in three decades. However, risks remain—and the recovery will be uneven across and within markets and sectors. The Barings Real Estate team weighs in. View Can Residential Fill the Retail Investment Gap? Property investors and their lenders are shifting down the risk curve and becoming highly selective about sector exposures and asset quality. The Barings Real Estate team weighs in on how these trends will drive opportunities through 2021 and beyond. View Private Credit: What CIOs are Watching Today Barings’ Jon Bock hosts a cinema-themed roundtable discussion with leading CIOs and investors in the private credit markets covering the asset class’ recent performance, the current challenges facing LPs and GPs, and how to prepare for what’s next. View From Diversification to ESG: The Evolving Opportunity in ABS Asset-backed securities can offer a number of benefits as part of a broader fixed income mandate—particularly given the strong structural protections, diversification benefits and advancements in ESG. View CLOs: What's Driving the Opportunity Today? Co-Heads of Structured Credit, Melissa Ricco and Taryn Leonard provide insight into last year’s ‘rollercoaster ride’ in CLOs, and explain why both fundamental and technical factors appear to be aligning to create a strong backdrop for the asset class moving forward. View Why Now May Be a Good Time to Consider CLOs A wave of refinancings has tested the CLO market’s capacity, but it has also created relative value opportunities up and down the capital structure—particularly in seasoned, BB deals. View Has EM Debt Reached a Turning Point? There are reasons to believe EM growth will surprise to the upside in the coming months, suggesting the asset class may be poised for strong performance. View From Rising Rates to Rising Stars: What’s Ahead for IG Credit? Rising rates can bring challenges to IG corporate credit, but opportunities are emerging as well—particularly given the supportive fundamental and technical backdrop. View European Private Credit: Positive Momentum Barings' Adam Wheeler describes the strong and improving conditions in the European private credit market that have led to increased deal flow and higher-quality structures in recent months. View Is High Yield in a Sweet Spot? High yield continues to benefit from supportive tailwinds—from an improving default picture to lower sensitivity to rising rates—and may be poised for strong performance as the recovery takes hold. View Riding the Refinancing Wave Private credit has fared well during this crisis, but the real test may come at the back end, say Barings’ head of private assets Eric Lloyd and CFO of Barings BDC Jon Bock. View ESG: Three Challenges High Yield Managers are Tackling Today From influencing company behavior to seeking better data disclosure, high yield managers are pushing the envelope when it comes to ESG. View High Yield: Finding Opportunity in the Uneven Recovery In this webinar, Barings' high yield portfolio managers share their latest market views and discuss where they expect to see opportunities going forward. View ESG in Equities: Identifying Winners in the Energy Transition Clean energy and anti-pollution initiatives will continue to impact the equity investment landscape—but not all companies will be winners, and careful analysis will be needed to identify those that stand to benefit and those that may see a threat to their business model. View U.S. Real Estate: Why the Life Sciences Market is Flourishing Barings Real Estate’s Joe Gorin and Nasir Alamgir explain what’s driving this—from both equity and debt perspectives—and weigh in on where the market may go from here. View Expansion of Private Illiquid Assets in Insurance Portfolios In this ACLI webinar recording, Barings experts discuss how asset classes such as private ABS, residential whole loans, global infrastructure debt and real estate debt can provide added diversification, spread premiums, and enhanced covenants. View Why the Distressed Debt Opportunity Looks Different This Cycle A surge in defaults and distressed opportunities seemed likely when COVID struck—but stimulus measures and creative financing solutions have reshaped both the opportunity set and the timing. View Three Factors Shaping the Opportunity in European Private Credit The growing importance of market access, a wider investor base and the impact of ESG on pricing are reshaping the European middle market. View North American Private Credit: Expectations vs. Reality The impact of COVID on North American private credit has been surprising in some ways and more predictable in others. Ian Fowler sheds light on lessons learned over the past year and offers advice on how to navigate today’s market. View Distressed Debt: The Opportunities Surfacing in COVID's Wake Barings’ Stuart Mathieson and Bryan High provide insight into today’s distressed debt market, including their expectations for defaults, an overview of the competitive landscape, and where the next opportunities may emerge across the U.S. and Europe. View Emerging Markets Equity: Evolving & Transforming Technological innovation, an increasingly confident consumer and a growing focus on ESG are re-shaping the long-term growth opportunity in emerging market equities. View The Structural and Cyclical Case for U.S. Real Estate Debt While the ongoing disruption from the pandemic will put downward pressure on market fundamentals until the virus is no longer a threat, opportunities will likely emerge across the risk-return spectrum in advance of a recovery in demand and property income. View Private Credit: Boring is (Still) Beautiful Barings' Ian Fowler discusses the current state of the North American private credit market, including insights into deal activity, pricing, and how the Barings team is investing through the pandemic. View Winter is Here, But Spring is Coming With additional fiscal relief and steady progress in vaccinations in the first half of 2021, the U.S. economy should be regaining momentum by the end of Q2, helping to stabilize real estate demand in the second half of the year. The Barings Real Estate team weighs in. View Are the Most Compelling Post-COVID Opportunities in Offices? Property investors and their lenders are shifting down the risk curve and becoming highly selective about sector exposures and asset quality. The Barings Real Estate team weighs in on the opportunity set—and why the overall outlook remains positive. View Four Themes for Insurance Asset Management in 2021 Insurers have fared relatively well through the pandemic, but there is likely a long and uneven road to recovery ahead. With this in mind, there are four key themes worth considering for insurance company investors in the months to come. View Finding the Right Sovereign ESG Indicators: A Greek Tragedy? On our mini odyssey through the vast seas of sovereign ESG indicators, we sought to identify data from reliable third parties—which would provide benchmarking criteria between countries and also serve as an effective screening tool to identify outliers. View EM Debt: Where is the Value Today? Barings’ Cem Karacadag discusses the outlook for emerging markets debt, including the uneven impact of the pandemic, how rising interest rates and fluctuating currencies may influence the picture, and the increasing role that ESG is playing in identifying winners and losers. View The False Dawn of Big Tech Regulation? Calls for increased regulation of tech giants have indeed grown—but will they have the desired impact? In our opinion, the focus on "big is bad" is simply ineffective in a digital world. View CLOs: Cautious Optimism Coming off a tumultuous year, CLOs look well-positioned going forward—particularly if the economy continues to heal and rates move higher. View EMD: Light at the End of the Tunnel The rollout of the COVID vaccine may be slower across emerging markets, meaning restrictions will likely remain in place for the foreseeable future. But there are bright spots—including in local currencies and companies that have adapted to this ‘new normal’. View High Yield: Strong Tailwinds, But It May be a Bumpy Ride High yield has a number of supportive tailwinds at its back—from a more manageable default picture and less exposure to potentially rising rates to investors’ continued demand for yield. But uncertainties remain, suggesting a potentially bumpy path to recovery. View Value-Add Beyond the Pandemic The shock provided by the global pandemic has roiled real estate markets around the world—which means that the quality and location of properties has never been more important. View How Healthy is Today's Private Credit Market? Barings’ Jon Bock weighs in on the dynamics shaping private credit today—from deal activity, to leverage metrics, to spread levels—and discusses how investors can access the opportunity. View Three Reasons Loans May Be Poised for Strong Performance It’s not as simple as ‘when rates rise buy loans; when rates fall buy bonds.’ Indeed, a combination of several factors has set the stage for loans to potentially deliver attractive total returns going forward. View 2021 Outlook: The Uneven Recovery The recovery in many ways looks real and durable—but it also looks uneven and, in some cases, quite unpredictable. In this discussion, investment professionals from the public and private markets discuss where they expect to see risks and opportunities in the year ahead. View The Case for European Real Estate Debt The supportive pricing fundamentals in the European real estate market, and low leverage relative to previous property cycles, suggest the asset class is well-positioned to withstand the impact of the pandemic. View 2021 Outlook: The Uneven Recovery Listen as Barings' portfolio managers and investment professionals discuss the cyclical and structural trends expected to shape public and private markets in 2021 & beyond. View Private Credit: How Healthy is Today's Middle Market? Barings’ Jon Bock weighs in on the current dynamics driving today’s private credit markets from deal activity, to leverage metrics, to spread levels, and discusses the pro’s and con’s of investment structures from public and private BDCs to commingled funds. View European Real Estate Research Quarterly While COVID has negatively impacted the retail and hotel sectors, the logistics and residential sectors have been much less affected. The Barings Real Estate team weighs in on the opportunity set—and why the overall outlook remains positive. View U.S. Real Estate Research Quarterly Although the U.S. economy bounced back sharply in the third quarter, the near-term path for the economy and real estate markets remains highly dependent on progress toward a medical solution to COVID and the degree of further lockdowns. The Barings Real Estate team weighs in. View Why Tech Bubble Fears are Overdone The tech sector’s impressive performance and increasing concentration in indexes has led to concerns of expensive valuations—with some fearing that we could be in bubble territory. In our view, such worries are not justified, and we believe tech’s outlook remains healthy. View Real Estate Debt: Europe’s Developing Opportunity Barings Real Estate’s Sam Mellor describes the trends underpinning the structural growth of real estate debt in Europe, and compares and contrasts the asset class with other public and private fixed income alternatives. View CLOs: A Bias Toward Quality CLOs continued their rebound in the third quarter, but the potential for volatility going forward is high. In this environment, there may be benefits to moving up in quality. View EMD: A Strong Tailwind, But Risks on the Horizon Segments of the EM debt market have been bright spots in fixed income this year. Will EMs outperform DMs in the months ahead—or are the risks too great? It may come down to country and credit selection. View High Yield: Bridging the Gap to a Post-COVID World What lies ahead for high yield markets? Head of Global Public Fixed Income, Martin Horne weighs in on what the bifurcated asset price recovery, record issuance levels and falling default expectations imply for high yield markets in the months ahead. View High Yield: Halfway There? The shock was the story in the first quarter, the stimulus was the story in the second—but we’re decidedly not yet in the post-COVID era, and the path to economic recovery remains unclear. What does that mean for high yield? View IG Credit: Upgrading the Roster In a landscape rife with risk, there may be benefits to upgrading both credit quality and liquidity. View Investible Trends in Real Estate for 2021 and Beyond A Barings 360 Webinar on Real Estate Equity View Post-COVID European Private Credit: A Higher Quality Market? On the back of COVID, transactions in the European middle market are showing decreased leverage levels, stronger documentation and improvements in pricing—suggesting a rebasing of the market from where it has been for the past several years. View Emerging Markets Equity: Evolving and Transforming From leading technologies, shifting consumption patterns, evolving business models to ESG—there are a number of factors shaping the opportunity in EM equities. Join Barings’ EM Equities team as they unpack the structural trends shaping this landscape and discuss the opportunities they expect to see going forward. View ESG in Equities: Not All Approaches are Created Equal Dr. Ghadir Cooper, Global Head of Equities, shares insight into the deliberate approach that her team takes when incorporating ESG into their investment process, including how integration, dynamism and active engagement contribute to better outcomes. View ESG in Equities: Better Outcomes Require Better Practices Not all approaches to ESG are created equal—why a focus on integration, forward-looking dynamics and active engagement is the key to unlocking long-term returns in equity investments. View The Evolving Opportunity in Distressed Debt As the pandemic recedes, some companies may have a harder time managing higher debt levels than others—and as weaker issuers undergo restructurings or other stressed situations, there may be opportunities for investors to deploy more capital into distressed debt strategies. View Hong Kong-China Equities: Accelerating Areas of Opportunity As COVID-19 slowly loosens its grip on China, it has become clear that many of the long-term structural trends shaping the markets remain intact or have even accelerated—creating investment opportunities in Hong Kong-China equities. View U.S. Real Estate Research Quarterly As businesses and individuals continue to adapt to life in the midst of a pandemic, U.S. real estate sectors and trends continue to evolve. While some changes may be temporary, others will alter the industry and future opportunity set. The Barings Real Estate team weighs in. View European Real Estate Research Quarterly In the midst of a pandemic, some European real estate sectors are thriving, and should emerge stronger in the end, while others are merely surviving. The Barings Real Estate team weighs in on the shifting opportunity set—and why the overall outlook remains positive. View Investor Series: Private Assets for Insurers Insurance investors face unique challenges in any environment but especially against today’s backdrop of continued low rates and a global economic slowdown. Barings’ Ann Bryant and Eric Lloyd discuss strategies for incorporating private assets as part of the solution. View How the Pandemic Changes Real Estate The global pandemic is changing the way we live, work and play. Such behavioral changes have been felt acutely across commercial real estate markets, and the impact may only accelerate from here. But which changes are short term and which are here to stay? View High Yield: Liquidity Abounds, But What Lies Ahead? Ample liquidity from central banks has driven a significant recovery across markets, including high yield. But with much uncertainty still ahead, we see benefits to moving up the capital structure and considering secured assets. View EMD: Further Room to Run? Emerging markets debt rallied strongly in the second quarter—and while risks remain ever-present, the asset class may benefit from continued monetary stimulus and the potential for a sharper economic bounce-back in the second half of the year. View Investment Grade Credit: Whatever It Takes After the historic rollercoaster ride IG credit took in the first quarter, U.S. policymakers seem to have won the day, at least for now—with their own version of the phrase made famous by former ECB President Mario Draghi: Whatever it takes. View CLOs: Looking Down the Road to Recovery CLOs rallied in the second quarter as liquidity returned and supply/demand dynamics began to normalize. While opportunities have emerged—particularly in high-rated tranches and new issue BBs—active management is key. View European Real Estate: Where the Opportunities are Today Barings Real Estate’s Valeria Falcone describes how COVID-19 has changed the competitive dynamics across European property markets, and highlights where the team is finding and creating value today. View High Yield: The Power of Flexibility in Volatile Times The journey back to normalcy will likely be punctuated with stops and starts. But opportunities will emerge—and being in a position to capture the upside is key. View 2020 Views from the LPAC Over our 25+ years of investing across private markets, Barings has held hundreds of Limited Partner Advisory Committee (LPAC) seats. From this vantage point, we offer the following insights on the issues and actions currently under debate between LPs and their GPs. View Real Estate: The Critical Role of Asset Management in a Crisis Asset management is vital to long-term value creation in real estate debt and equity markets—particularly when it comes to navigating crises like COVID-19. View ESG: The Intent Beyond the Income ESG is playing an increasingly meaningful role in fixed income investing. At Barings, we formally integrate ESG across our corporate credit asset classes—but the way we apply our analysis is necessarily different due to the nuances of each market. View ESG in Fixed Income: Progress Over Perfection Fixed income investors have been slower to adopt environmental, social and governance factors, but change is afoot. Barings’ experts explain how fixed income managers can—and are—driving tangible change among corporate debt issuers—and why investors need to pay attention. View Private Credit: The Turn of the Cycle Co-Heads of Global Private Finance, Ian Fowler and Adam Wheeler describe the evolving conditions in the North American and European private credit markets and where opportunities may arise in the months and years ahead. View The EM Default Picture: More Nuanced Than Headlines Imply The coronavirus pandemic is creating short-term and long-term challenges for emerging markets (EMs). But not all sovereign and corporate issuers can be painted with the same broad brush, and placing too much weight on overly dire forecasts may result in missed opportunities. View What's Next for Private Credit? Now that the proverbial rubber has met the road, many investors are questioning what’s in store for private credit in the months (and years) ahead. In many ways, the current volatility is setting the stage for significant opportunities—but managing the downside is critical. View Global Real Estate: Cyclical & Structural Impacts of COVID-19 As investors navigate global real estate markets in the months and years ahead, understanding the interplay between near-term cyclical weakness and long-term structural trends will be key. View Volatility, Tech & ESG: COVID’s Impact on Global Equities COVID-19 has proved challenging for businesses—but opportunities have emerged, particularly for companies with business models built to capitalize on long-term structural trends. Dr. Ghadir Cooper shares her views on equity markets today and what to expect going forward. View EM Debt: Downturns, Defaults & Diamonds in the Rough Barings’ Omotunde Lawal and Cem Karacadag explain how COVID-19 is impacting the economies of emerging markets, and how lower oil prices and loose monetary policies may influence the future default picture. View Structural Trends Supporting Asian Equities There are a number of supportive structural trends shaping the opportunity in Asian equities, many of which—perhaps counterintuitively—have been amplified by the pandemic and U.S.-China trade tensions. View EM Short-dated Debt: A Diamond in the Rough? COVID-19 and lower oil prices have led to indiscriminate selling across EM corporate debt, creating a potentially compelling opportunity in the shorter-dated, higher-yielding segment of the market. View Six Considerations for LPs Navigating Private Market Uncertainty When it comes to finding clarity in an environment mired in uncertainty, an open dialogue between LPs and GPs is as critical as ever. View Three Reasons to Consider a Long-Term Allocation to Small-Caps The volatility driven by COVID-19 and the fall in oil prices has created much uncertainty—but it has also provided a potential opportunity to make long-term investments at attractive prices. View Fact-finding and Fortune-telling in U.S. Real Estate Barings’ John Ockerbloom and Colin Gordon discuss the material consequences of COVID-19 for the real estate markets broadly as well as sector by sector—and predict how real estate portfolios may change in the years ahead. View Equities: Finding Long-term Growth Amid Current Volatility Barings’ Global Head of Equities, Dr. Ghadir Cooper, discusses the impacts of COVID-19, the opportunity for companies capitalizing on structural growth trends from technology to demographics, and the integral role of ESG in fundamental analysis. View Taking the Bite Out of High Yield’s Tail Risk A new buyer has arrived on the scene of U.S. high yield markets, and it happens to be the biggest buyer of them all: the U.S. Federal Reserve. View CLOs: Volatility Continues, But Value Opportunities Emerge As macro volatility continued to pummel markets throughout the first quarter, CLOs felt the effects—with dramatic price moves among tranches as investors clamored for liquidity. But we believe that those who invest with an active manager and take a long-term view will benefit. View Investment Grade Credit Markets Make an About-Face As investment grade markets pivot sharply, with spreads reaching their widest level in over a decade, investors turn disproportionately toward quality and liquidity. View High Yield: Finding Value in a Landscape Rife with Risk Concerns surrounding COVID-19, lower oil prices and a global recession have weighed heavily on markets—including global high yield bonds and leveraged loans. While value opportunities are emerging, the landscape is punctuated with risks that must be carefully navigated. View EM Debt: When Prices Decouple from Fundamentals Dr. Ricardo Adrogué discusses how the global pandemic has impacted emerging markets, including implications for sovereign and corporate debt markets, as well as interest rates and currencies. View High Yield: Navigating COVID-19 Barings’ Martin Horne puts the recent volatility in high yield markets into context and describes how the Barings team is both managing risks and finding value opportunities through the crisis. View EMD: Finding Fundamental Value Through the Storm The rapid spread of COVID-19, the precipitous fall in oil prices and the related shock to the global economy have sent markets—including EMD—into a tailspin in recent weeks. In this piece, we explore the resulting challenges and discuss opportunities beginning to emerge. View Distressed Debt: Despite Challenges, Opportunities Persist Recent market and economic volatility may be the trigger that distressed debt investors have been waiting for, but capitalizing on opportunities will require a different playbook than those of past cycles. View Private Credit: Why Last Cycle's Playbook Won't Work This Time Barings’ Jon Bock discusses the recent Insights paper he authored, which describes the mistakes that investors continue to make when allocating to private credit—and, importantly, how to avoid them. View Four Mistakes Investors Make in Private Credit Barings’ Jon Bock discusses the biggest mistakes investors make when allocating to private credit—and shares his views on why last cycle’s playbook won’t work this time around. View Distressed Debt: Capturing Late-Cycle Value Barings’ Stuart Mathieson and Bryan High discuss how recent macro events and credit market dynamics are impacting the outlook for distressed debt. View Are CLOs Unfairly Vilified? Despite the late-cycle environment, we believe the recent negative headlines on CLOs are somewhat overstated, and do little justice to the many benefits of the asset class—which has delivered impressive risk-adjusted returns and low defaults over time. View Secured Bonds: Added Protection in the Face of Uncertainty With a number of macro risks on the horizon, some investors have (perhaps rightfully) adopted a more cautious outlook when it comes to allocations to risk assets. In some cases, this has meant taking a closer look at senior secured bonds. View What Can German Equity Investors Expect in the Months Ahead? While the phase one U.S.-China trade deal may provide a near-term boost for German equities, there are a number of risks on the horizon that could introduce volatility in the months ahead—making stock selection as important as ever. View Private Credit: Where We’ve Been, Where We’re Going Industry veterans Ian Fowler and Adam Wheeler describe the dramatic evolution of private credit markets and explain why quality of earnings and varied definitions of ‘senior’ risk could be at the center of the next credit market storm. View Sentiment Shift Fuels Lower-Rated Rally Uncovering relative value across high yield in 2020 may require looking in less obvious places. View EM Local Debt’s Time to Shine? Emerging markets (EM) local currency denominated debt may be poised to outperform. View Rates, Rallies & Risks Investment grade credit markets posted a banner year in 2019; can the good times continue to roll? View Risk-on, Risk-off & Repeat Sentiment continues to swing back and forth in the collateralized loan obligation (CLO) market, but bifurcation remains the constant. View U.S. Real Estate: More Reward in Core? As investors in the market continue to chase yield, the risk premium—or the reward for taking that risk—appears to be diminishing. In this environment, we’re seeing some of the best opportunities in the highest-quality assets. View 2020: An Inflection Point for EM Currencies? With the financial crisis more than a decade behind us, the global financial system seems poised to begin re-leveraging. This process, which would likely take years to play out, would provide a source of funding for EM currencies, and represent a significant tailwind. View A Bright Spot in Higher-Yielding EM Corporate Debt Many EM regions have been engulfed in uncertainty for weeks or months. While these situations certainly represent risks, we also continue to find value—often in globally diversified companies that have been unfairly punished by markets because of where they’re domiciled. View Amid Rising ‘Mequity’ Risk, Boring Can Be Beautiful In both the U.S. and Europe, there is significant pressure both at the top and bottom ends of the middle market. As a result, we’re seeing potentially attractive value today in the more traditional, true middle market. View The Continued Democratization of Private Equity Private equity is an asset class that has traditionally been available only to very large, sophisticated institutional investors. But this is changing rapidly—a trend we expect to accelerate in 2020. View Comeback Time for International Equities? Because the U.S. equity market is broad and deep, there will almost always be opportunities—but in aggregate, we think international equity markets may be more compelling over the next year. View Seeking Big Opportunities in Small Companies As Europe finds itself in a climate of lackluster growth and political volatility, with an equity market that has been on an unprecedented 10-year bull run, investors are searching for pockets of value. A long-term allocation to small-cap equities is one potential solution. View CLOs: When Technicals Create Opportunity Taryn Leonard and Melissa Ricco, Co-Heads of the Structured Credit investment team, discuss where they're seeing opportunities and risks today—and why technical factors are creating inefficiencies, and hence opportunities, in the current environment. View CLOs: Triple C's and Market Unease Taryn Leonard and Melissa Ricco, Co-Heads of Barings’ Structured Credit Investment Team, discuss the recent loan market weakness, and how technical pressures are creating value opportunities in the CLO market. View EM Debt: Warding Off Headwinds with Active Management Ricardo Adroguè, Head of Global Sovereign Debt and Currencies, addresses the many risks facing the global economy—specifically China, Argentina and the Middle East—and explains why active management is critical to performance. View Disruptive Technology: Keeping Pace With the Pace of Change Barings equity analysts, Matthew Ward and Colin Moar speak with Dr. Christopher Smart of the Barings Investment Institute about their recent whitepaper, “How Will Technological Disruption Strike Next?” View ESG for Sovereigns: One Size Does Not Fit All ESG has risen to the forefront of many investment strategies over the last decade. At Barings, our EM Sovereign Debt team takes a country-by-country approach, assessing ESG factors in the context of sustainability and—ultimately—creditworthiness. View ABS: Uncovering Opportunities Beyond the (IG) Index Amid an ongoing search for yield, with several potential risks on the horizon, there may be benefits to exploring opportunities outside of traditional corporate and government bonds—such as parts of the ABS universe. View Investing in Late-Cycle European Private Credit Adam Wheeler, Co-Head of Barings’ Global Private Finance Group, discusses the importance of discipline and risk management in today’s late-cycle environment. View High Yield: A Time to be Nimble In this Q&A, Martin Horne, Head of Global Public Fixed Income, discusses the state of high yield markets amid a late-cycle environment, and why it’s critical to be nimble and selective in order to capture points of relative value. View EM Debt: Navigating the Geopolitical Noise From the Middle East to China to Argentina, investors face no shortage of geopolitical risks and negative headlines. But is there still value to be found across emerging markets? Dr. Ricardo Adrogué weighs in. View Infrastructure Debt: Steady Activity, Lingering Macro Doubts Despite the expected seasonal summer slowdown, infrastructure debt financing deals remained steady overall in the third quarter of 2019—with strong activity in the U.S. and Canada, and slightly slowing activity in Europe, with a cautious eye toward Brexit. View IG CLOs: Strong Excess Return Potential, Lower Volatility IG CLOs can offer investors the benefits of spread pick-up and lower mark-to-market volatility, largely due to underlying collateral performance and structural security. But above all, manager selection is critical—even at the highest-rated tranches. View Structured Credit: Engaging Risk Tactics Deal flow remained steady in Q3, keeping primary market spreads range-bound. Against a backdrop of low global interest rates, we have seen increasing investor interest in European CLOs. View Emerging Markets Debt: Taking a Hard (Currency) Stance EMD performance was muted in Q3, but valuations remain attractive and emerging economies are growing at a measured pace. We continue to favor hard currency assets, which are benefitting from lower rate expectations. View High Yield: Poised to Capture Relative Value Despite mounting uncertainty in the broader markets, high yield delivered broadly positive returns in Q3. As we continue to move through the late stages of a prolonged cycle, credit selection will be critical. View High Yield: Rates, Recessions and Relative Value While there is no shortage of risks to consider in today’s high yield markets—from ESG to the end of the credit cycle—Barings’ Martin Horne describes how taking a contrarian approach can help investors uncover pockets of value. View Emerging Markets Sovereign Debt: Does Active Management Pay? The performance of EM Sovereign Debt can—and does—vary widely from country to country. Barings’ Cem Karacadag explores how an active approach can be key to selecting the most attractive opportunities, while also avoiding the bad apples. View European Real Estate Equity: Uncovering Value City by City Charles Weeks, Head of Real Estate Equity for Europe and Asia Pacific, discusses the backdrop for European real estate markets, where the team is seeing the most value by sector and geography, and why they always take an active approach across strategies and investment styles. View Are High Yield Investors Being Compensated for Risks? In the context of today’s fundamental backdrop and default outlook, spread levels suggest investors are being fairly compensated, relative to other points in the cycle, for the amount of risk they are taking. View European Real Estate: Late-Cycle Value from Manchester to Munich Can value still be found (or created) ten years into the European property market cycle? And if so, which sectors, geographies and risk profiles look most compelling? Barings’ Charles Weeks weighs in. View The GFC: 10 Years On The mid-market continues to attract private debt investors as the Fed cuts interest rates. Could this fuel the economy and rev up the deal market, or are we nearing the end of the credit cycle? Eric Lloyd recently weighed in with a panel of experts for PDI. View Is Short-Termism Masking a Long-Term Opportunity in EM Equities? Emerging markets are in the headlines on a regular basis, but we rarely hear the whole story. In this article, which also appears in September’s edition of IPE, Ghadir Cooper explains more. View Distressed Debt: Seeking Opportunity in Choppy Waters Stuart Mathieson, Head of Barings’ Global Special Situations group, and Bryan High, Co-Portfolio Manager of the strategy, discuss how the macro environment is impacting their outlook, and where they're seeing distressed debt opportunities today. View U.S. Loans: Challenged Market or Veiled Opportunity? With loan and bond yields currently comparable, we believe—in a somewhat contrarian view to the market—there is a good argument for investing in loans, particularly in the U.S., where the economy appears to be marginally stronger than in Europe. View Distressed Debt: How This Cycle May Be Different Barings’ Stuart Mathieson and Bryan High discuss the outlook and competitive landscape for distressed debt and consider the implications of the significant growth in private credit and European high yield since the last cycle. View European Smaller Companies: An Evergreen Growth Opportunity In this Q&A, Nick Williams, Barings’ Head of Small Cap Equities, discusses the opportunities his team is seeing in the current environment, and explains why an active, bottom-up approach, is key to identifying high-quality companies. View Fixed Income: Upending the Conventional Approach Michael Freno, Head of Global Markets, shares his view on where value can still be found in fixed income, despite the uncertain current environment—and why investors may need to look beyond traditional indexes in high yield, investment grade and emerging markets debt. View Private Equity: Where LPs Need to Do Their Homework Now From fund-life extensions to ESG and diversity efforts, limited partners (LPs) have no shortage of factors to consider when evaluating PE investments. Barings’ Elizabeth Weindruch provides first-hand insight into the latest challenges facing PE investors today. View EM Debt: Cautious Optimism EMD asset classes—particularly local currencies—came out of the gate strong in the second quarter, driven by central bank stimuli and favorable monetary policy expectations. View IG Credit: Staying Observant in a Landscape of Uncertainty Despite healthy corporate fundamentals and a dovish Fed, negative macro headlines pushed high grade spreads wider in the second quarter. View Structured Credit: AAA Spreads Trend Lower as Tranches Price Tighter As spreads tightened and managers successfully syndicated AAA tranches, CLOs gained positive traction in the second quarter. View High Yield: Strong Performance, But Uncertainty Remains On the heels of strong Q2 performance, global high yield bonds and loans continue to provide attractive risk-adjusted return opportunities for investors—particularly those with the flexibility to look beyond the traditional indexes. View Fixed Income: Looking Beyond the Index for Late-Cycle Value Head of Global Markets, Mike Freno, sheds light on how the Barings’ teams are finding value outside of traditional indexes across high yield, investment grade credit and emerging markets debt. View Four Reasons Security Matters Right Now Amid the late stages of an elongated credit cycle, Martin Horne, Barings’ Head of Global High Yield, discusses four reasons why global senior secured bonds—a lesser known and perhaps underappreciated subset of high yield—could be an attractive option in the event of defaults. View Assessing the Countries Making Headlines Across EM Debt As emerging markets continue to dominate world news, Barings’ Ricardo Adrogué weighs in on the trade frictions with China, Venezuela’s evolving status as a political hotspot, and why he has high conviction in Mexico. View Investing in China: Tapping into Long-Term Opportunities Ghadir Cooper, Global Head of Equities, recently joined a round table with Pensions & Investments to discuss the opportunity set in China. Despite slowed growth and trade concerns, she believes there are several reasons why investors should remain optimistic. View Where the Dry Powder Goes Next Stuart Mathieson and Bryan High, portfolio managers for the Global Special Situations strategy, discuss the outlook for distressed debt investing—and explain how they’re finding opportunities throughout the cycle. View Highlights from the Barings 360 Private Markets Conference Watch Barings CEO, Tom Finke, and other senior leaders discuss their key takeaways from the firm's signature private assets event. View A CIO's Perspective Barings' Jonathan Bock caught up with industry veteran, William Spitz, on trends in today's private markets. View Barings 360: For LPs, By LPs Attendees of the Barings 360 Private Markets Conference discuss the value of exchanging ideas and perspectives with their peers. View Private Credit: How Supply/Demand Dynamics are Shaping the Landscape Ian Fowler, Co-Head of the North American Private Finance Group, discusses the dynamics of each middle market segment—including upper-end style shift resulting from competitive pressures—and explains why the traditional middle is the sweet spot. View Global Emerging Markets Equities: Where Do We Stand? In this Q&A, William Palmer and Michael Levy, Co-Heads for Emerging and Frontier Equities, discuss their approach to accessing the asset class, current trends, and why recent headwinds may be becoming tailwinds. View Is There Style Drift in Middle Market Lending? Barings’ Ian Fowler weighs in on the supply/demand dynamics in the direct lending space and explains why looking at the middle market as one cohesive universe can be misleading. View High Yield: Identifying Value Amid Shifting Sentiment Despite the sharp turns in high yield markets over the past two quarters, companies ticked along without flinching—posting strong earnings over the course. David Mihalick, Barings’ Head of U.S. High Yield Investments, explains why. View German Equities Present Opportunities to Combat Headwinds In this Q&A, Rob Smith, Manager of the Barings German Growth strategy, shares his thoughts on how German equities are positioned to combat various headwinds, and which sectors the team expects future growth to come from. View Enterprise Software: Valuation Matters While industry dynamics remain healthy and growth prospects exist, current enterprise software valuations look stretched. View Tempering Enthusiasm for Mexico’s Corporate Bond Market Omotunde Lawal, Head of EM Corporate Debt, reports back from a recent trip to Mexico, where the Barings team conducted on-the-ground research through meetings with a wide variety of corporate issuers, economists and ratings agencies. View Why Russia May be Set for an Explosion in E-commerce Growth Historically a laggard in the e-commerce world, Russia is showing signs of life. But challenges remain. View High Yield Bonds & Loans: Where to Next? High yield markets roared back in the first quarter. Can market fundamentals and technicals support continued strength? And how should investors factor in risks ranging from possible recession, to ratings downgrades, to liquidity concerns? Barings’ David Mihalick weighs in. View Intangible Assets: The Royal Opportunity Set A subset of Intangibles, pharmaceutical royalties present a particularly compelling investment opportunity. Barings’ Jon Rotolo and David Jin explain why. View EM Debt: Investing with Cautious Optimism Sovereign debt outperformed in Q1 as geopolitical headlines continued to garner attention and commodities rallied. Risks remain for the asset class but some notable headwinds have now become tailwinds. View An Active Approach to International Smaller Companies Barings’ Nick Williams discusses the characteristics of the International Smaller Companies asset class, and explains why an active approach to investing in the sector best positions investors to generate attractive returns. View IG Credit: Can the Rally Last? BBB-rated credits led the first quarter recovery despite early signs of deterioration among fundamentals. With spreads significantly tighter this year, short duration credits may pose an attractive investment option. View Structured Credit: Receding Headwinds Support CLO Performance CLOs rebounded in the first quarter as credit concerns receded. Lower interest rates may drive continued interest in the asset class moving forward. View High Yield: A Swift Rebound High yield bonds and loans posted a strong Q1 following the technically induced Q4 sell-off. With defaults still near historical lows, current spreads provide attractive risk-adjusted return potential. View Intangible Assets: A Source of Uncorrelated Income? In today’s information economy, intangible assets continue to grow in size and importance. Barings’ Jon Rotolo and David Jin discuss the role these assets are playing in diversified portfolios through a real-world example in the pharma royalty space. View Real Estate Debt: A Time for Balance Dean Dulchinos, Head of Real Estate Debt Portfolio Management and Capital Markets, recently spoke with PERE about how he expects the U.S. real estate debt market to shape up in 2019—including the opportunities it presents, the shift in both investor types and risk-reward profiles sought, and how credit cycle placement is affecting the asset class. View Private Equity: Emerging, Women & Diverse Managers Amid increased competition and rich valuations, PE returns have continued to trend downward. In this interview, Barings’ Mina Nazemi discusses how allocations to emerging, women and diverse managers can potentially help combat this trend. View How to Approach a More Accessible Chinese Equity Market Barings’ William Fong and Andrew Lee explore the different ways to access China’s onshore and offshore equity markets following the decision by MSCI to increase the weighting of China A-shares in their benchmarks. View Monetary Policy’s Effect on EM Debt Rate expectations have changed materially across emerging and developed markets in the first quarter of 2019. What does this mean for emerging markets debt? Barings’ Ricardo Adrogué weighs in. View The Potential Benefits of Global Senior Secured Loans In the current environment, senior secured loans are gaining traction for their potential to offer a blend of attractive yield and protection against both credit and interest rate risk. View How We Assess Investment Opportunities In this video, Barings Global Emerging Markets Equities team explains its investment approach by discussing an opportunity at one of its weekly meetings. View Searching for Unrecognized Growth In this video, Barings’ Global Head of Equities, Ghadir Cooper, explains how the equities platform consistently identifies mispriced opportunities. View Navigating Change in China Barings’ Global Head of Equities, Ghadir Cooper, assesses the transformation of China’s economy, and explains why investors should be encouraged by the country’s decisive policy actions. View An Underappreciated Subset of High Yield For investors willing to surrender a nominal amount of yield in favor of greater protection given a default, global senior secured bonds can be an attractive option in a recessionary environment. View EM Debt: Navigating a Shifting Macro Backdrop After a rocky 2018, the picture may be brightening for emerging markets debt. From rising rates to trade wars, some of last year’s headwinds look to be receding, at least for now. Barings’ Ricardo Adroguè and Omotunde Lawal highlight opportunities they’re currently seeing. View EM Debt—A Brightening Picture? Barings’ Ricardo Adroguè and Omotunde Lawal highlight opportunities they’re seeing from Mexico and Brazil to more challenged geographies like Turkey and Argentina—and provide insight into how they’re thinking about political hotspots like Venezuela. View High Yield: Five Takeaways for the Months Ahead From trade wars and Brexit to central bank posturing and recessions, there is no shortage of risks facing today’s markets. As we consider high yield in the context of this turbulent environment, there are five takeaways we think are worth considering in the months ahead. View Don't Judge A Private Equity Fund By Its Number At Barings, contrary to popular belief, we believe that identifying high-quality opportunities in emerging and diverse private equity managers can deliver attractive risk-adjusted returns to investors. View Brazil: A New Frontier? Following the country’s national election, Barings’ Latin American equity team takes a look at how Brazil is positioned and what reforms the new president may consider to boost the economy. View Climbing High Yield’s Wall of Worry In this Q&A, Barings’ Head of Global High Yield, Martin Horne, weighs in on some of the major risks facing the high yield markets today and discusses where his team is seeing opportunities. View Assessing Today’s Private Credit Landscape Private credit markets have seen an increase in investor demand over the last decade. But with competition fierce and the cycle maturing, what factors should investors consider moving forward? Barings’ Eric Lloyd identifies where he and his team see the best relative value today. View Seeking Value in Today’s Private Credit Market In this Q&A, Barings’ Eric Lloyd discusses his team’s approach to navigating the risks and capitalizing on the opportunities across the global private credit markets. View How Opportunistic Is Your Investment Grade Allocation? Michael Freno, Head of Global Markets, discusses the benefits of 'multi-asset' or 'opportunistic' credit portfolios and the newly-launched Barings Global Investment Grade Strategies. View Investing in the European Private Credit Market Taking a Disciplined Approach is the Key to Delivering Attractive Risk-Adjusted Returns View Is it Time to Consider a Blended Approach to EMD? How can investors tap into the diverse opportunities within EM debt? Ricard Adrogué, Head of Emerging Markets Debt and Omotunde Lawal Head of Emerging Markets Corporate Credit Research, weigh in. View 5 Things to Consider When Investing in Private Credit In this piece from Benefits and Pensions Monitor, Barings’ Ian Fowler discusses five key considerations for investors interested in allocating to private credit. View Turkey: Where From Here? On the back of developments in recent months, Barings’ Emerging Europe equities team takes a look at how Turkey is positioned. View Climbing High Yield’s Wall of Worry The global high yield markets face a number of risks. Yet, these markets have continued to scale such a ‘wall of worry’ for the last decade. Should we expect more of the same, or are we nearing a turning point in the cycle? Barings’ Martin Horne weighs in. View Navigating Risks in Today’s High Yield Markets In this Q&A, Barings’ Head of Global High Yield, Martin Horne, discusses how the Barings team is navigating some of the major risks—from a trade war and Brexit negotiations to rising rates and a maturing credit cycle—present in the markets today. View Navigating European Real Estate Markets In this Q&A, Paul Stewart, Head of European Real Estate Research & Strategy, discusses how investors in the asset class can allocate capital in an uncertain interest rate environment, while facing potential headwinds such as Brexit and the threat of trade wars. View Opportunities Across Energy and Power Generation As long-term structural demand trends converge with short-term technological innovations, opportunities are emerging to invest private capital in real assets. View Making Sense of Today's EM Debt Environment Dr. Ricardo Adrogue, Head of Barings' Emerging Markets Debt Group, discusses risks and opportunities in today's dynamic landscape - and how investors can seek to navigate it. View Second Chances The market for infrastructure investments has become increasingly competitive. In this piece from i3, Barings’ Naoki Ohta discusses the infrastructure secondaries market and where Barings is seeing opportunities today. View Why the German Equity Market is About More Than Autos In this Q&A, Rob Smith, manager of the Barings German Growth Trust, shares his thoughts on how German equities are placed amid potential headwinds that include trade disputes with the U.S., Brexit and continued pressure on the autos sector. View A Multi-Dimensional Approach to Managing Private Equity Risk In the realm of private equity, a robust risk management framework can deliver less volatile, higher-quality performance results over time. View Maintaining Discipline in a Maturing Credit Cycle With competition high and signs of mispricing of some assets, Eric Lloyd of Barings stresses the importance of a global and diversified approach to portfolio construction. View How Diversified Is Your Emerging Markets Debt Strategy? There may be significant benefits to using a blended approach to this asset class View A Compelling Opportunity in Real Assets Compelling structural and cyclical dynamics are creating attractive opportunities in real assets, particularly across the energy value chain and power generation sector. View Why Recent Weakness in EM Equities Presents an Opportunity In this commentary, which appears in September’s edition of IPE, William Palmer and Michael Levy explain why they believe the factors that have contributed to the weak share price performance are temporary in nature, and growth prospects for the asset class remain attractive. View As European Private Credit Evolves, Discipline is Key At a time when the trends and dynamics underlying the European private credit market have evolved considerably, Adam Wheeler, Barings’ Head of Europe and Asia Pacific Private Finance, explains why a disciplined approach to investing in the space is beneficial for investors. View Managing Duration and Interest Rate Risk David Nagle describes the Active Short Duration strategy’s unique two-pronged investment process. View Three Reasons U.S. Investors Should Consider Global Loans Technical drivers in Europe have caused credit spreads to widen. At the same time, the gap between U.S. and European monetary policy continues to grow. In this piece, we outline three key reasons why, in this environment, a global approach may make sense. View Investing in Music Publishing & Recording Rights From a small investment in 2005 to one of today’s leading independent music publishing companies, learn more about how we helped Concord Music Group to become the success story it is today. View Investing in Wireless Infrastructure By recognizing a trend early, and actively managing a portfolio of assets, we helped Wireless Infrastructure Group grow into one of the U.K.’s largest wireless infrastructure players. View Infrastructure Debt: Accessing the Opportunity Infrastructure debt is a growing asset class that may offer a number of benefits for institutional investors - but having the right partner is critical. View Surveying Today’s Infrastructure Debt Landscape Three key members of Barings’ Infrastructure Debt Investment Team—Emeka Onukwugha, Patrick Manseau and Pieter Welman—discuss, among other issues, the evolution of the global infrastructure debt market, opportunities in today’s environment and how investors can gain intelligent exposure to the asset class. View Investing in the Smart Cities Theme Stephen Burns, Managing Director, Alternative Investments, discusses the opportunities created as cities become “smarter” in the way they address changes like urbanization and growing population. View Investing Through an ESG Lens Mina Nazemi, Managing Director of Alternative Investments, weighs in on how investing through an ESG lens can provide a more complete view of risks and opportunities. View Madison Centre This cutting-edge office tower in Seattle’s central business district exemplifies how global research, coupled with local insights, helps uncover attractive opportunities. View Seeking Opportunities Across Global Real Estate Markets At Barings, we leverage our deep teams, global presence and expertise across the four quadrants of real estate as we seek to help our clients turn opportunities into real solutions. View Case Study: Madison Centre – From Idea to Reality This cutting-edge office tower in Seattle’s central business district exemplifies how global research, coupled with local insights, can help uncover attractive opportunities. View How We Invest in Global Real Estate Markets At Barings, we leverage our deep teams, global presence and expertise across the four quadrants of real estate as we seek to help our clients turn opportunities into real solutions. View Constructing & Managing a Private Equity Allocation In this Q&A, Rick Spencer discusses the potential benefits of an alternative investment strategy focused on funds and co-investments, and touches on some of the less understood challenges facing investors. View Can Emerging Markets Withstand Global Monetary Tightening? Global central banks have stopped easing, with tightening likely to follow. Is the time to invest in EM behind us, or can these markets thrive as monetary conditions tighten? Ricardo Adrogué, head of Barings' Emerging Markets Debt Group, weighs in. View Multi Credit Investing: Embracing the High Yield of Today Over the past decade, the growth and expansion of the global high yield markets have transformed the way investors view the asset class. In this article, we discuss the potential benefits of considering a multi credit, “through-the-cycle” approach, which can give investors’ high yield allocation more flexibility, potentially improving their ability to capitalize on opportunities across the global high yield markets as they materialize throughout the credit cycle. View A Global Approach to High Yield Investing In the Conversations piece, Barings’ Sean Feeley and Chris Sawyer discuss the potential benefits of a global approach to high yield. View Cross-Border Origination: Tax Reform and Other Considerations Financing and structuring cross-border deals can be challenging, particularly in light of the U.S. tax reform. In today's interconnected world, finding the right financing partner is key. View Surveying the Equity Market Landscape In this Conversation, Barings’ Global Head of Equities, Ghadir Cooper, discusses the recent equity market volatility and the continued attraction of emerging markets. View German Equity Outlook While market volatility has risen at the start of 2018, Barings continues to see attractive investment opportunities in German equities. In this viewpoint, we tell readers why and where we see the greatest investment potential. View A New Dawn for Emerging Markets Equities EM equities are enjoying a strong rebound following five years of underperformance versus developed markets. In this piece, Barings’ portfolio managers explain why they maintain an optimistic outlook for the asset class. View Intellectual Property as a Real Asset In this Viewpoint, we examine the definition of “real assets” and explain how intellectual property exhibits characteristics consistent with other real assets. View EM Local Debt: Focused on Fundamentals Barings' combination of quantitative and qualitative analysis and tools provide a comprehensive and rigorous framework for investing in emerging markets local debt. In this Viewpoint, we give readers an inside look into our investment process. View Investing in Commercial Aviation By identifying a structural trend and sourcing the right assets, we’ve built and grown a portfolio of commercial aviation assets, generating income and capital appreciation for our investors along the way. View How We Invest in Private Equity & Real Assets At Barings, our approach to investing in private equity and real assets is different. Learn about how we’ve implemented a consistent and repeatable process to identify, source and actively manage real assets and asset-based businesses for more than a decade. View Seeking Relative Value in Global Private Debt As institutional investors continue to turn toward private debt for potentially attractive risk adjusted returns in a low-yielding environment, they may benefit from taking a global approach to the asset class. View Cyclical Evolution and Structural Revolution In this piece from Preqin, Barings’ heads of U.S. and European real estate research explore the ways in which structural shifts within cities and industries are presenting an evolving set of opportunities and risks for investors. View Opportunities in Private Equity and Real Assets Jonathan Rotolo, Head of Private Equity / Real Assets, discusses the potential benefits of an alternative investment strategy focused on real assets and asset-based private equity and what such an approach looks like in practice. View Multi Credit Investing: A Through-The-Cycle Approach to High Yield Read about how a multi credit approach to high yield can benefit investors in this Q&A with Barings’ heads of U.S. and European high yield investments. View Investing Strategically in High Yield Barings’ Martin Horne and David Mihalick discuss the benefits of taking a long-term, multi-credit approach to investing in global high yield bond and loan markets. View An Alternative Approach In this Viewpoint, we discuss the unique real asset and private equity investing strategy employed by Barings Alternative Investments. View VIDEO: European High Yield Opportunities European High Yield Bond Portfolio Manager, Craig Abouchar discusses why the Barings team see value in the single-B market. View VIDEO: How is this cycle different? Head of European High Yield, Martin Horne weighs in on how this credit cycle has differed from those in the past and what that means for investors. 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