by HAGIM GmbH | Jan 12, 2026 | Nicht kategorisiert
Thomas Rentsch Senior Portfolio Manager High Yield Senior secured high-yield bonds suggest security, but without genuine subordinated debt they often bear the full burden of losses in the event of insolvency. In the European high-yield market, the proportion of... by HAGIM GmbH | Nov 6, 2025 | Nicht kategorisiert
Authors Since the middle of the year, the spread difference between EUR investment grade and high yield chemicals has widened significantly. This divergence can be explained fundamentally and opens up selective opportunities. Since the middle of the year, the spread... by HAGIM GmbH | Nov 4, 2025 | Nicht kategorisiert
Steffen Ullmann Senior Portfolio Manager – Investment Grade Utility bonds have always been regarded as the epitome of defensive investments. However, this sector is increasingly exposed to a field of tension between regulation, politics and demand. At first... by HAGIM GmbH | Oct 8, 2025 | Nicht kategorisiert
The European high-yield-market has long experienced a dominant phase of “Rising Stars”. This trend will reverse in 2025: Higher refinancing costs and geopolitical risks will lead to more downgrades of “Fallen Angels”. Investors must now manage... by HAGIM GmbH | Aug 6, 2025 | Nicht kategorisiert
Authors The risk premiums of emerging market bonds are approaching their historic lows, making the market segment appear relatively expensive at first glance. However, those who only look at the surface overlook the fact that the credit quality and resilience of the...
