A glance at history shows that it is not unheard of for a state to go bankrupt. How does an entire country actually go bankrupt, what are the consequences and how do you react to this in fund management? Fund manager Felix Dornaus explains this in his blog post.
ARTICLES IN THE TOPIC “Bonds”
Investment View | November 2024
What’s happening on the markets? In our Investment View, the experts of our Investment Division regularly provide insights of current market events and their opinion on the various asset classes.
Emerging markets bonds and sustainability: How do these two go together?
Lower interest rates in the USA mean that investments in emerging markets are becoming more attractive. The ERSTE RESPONSIBLE BOND EM LOCAL fund, which received the Austrian Ecolabel in August, could also benefit from this.
Interest rate cuts at the door
After the rapid and sharp interest rate increases in 2022 and 2023, the pendulum is now swinging in the opposite direction. After the European Central Bank (ECB), the US Federal Reserve will cut key interest rates for the first time this Wednesday, thus initiating a new cycle of interest rate cuts. What does all this mean for the economy and what conclusions can be drawn from it for investments?
Netflix – the movie script of a success story
Everyone knows Netflix these days. The company has developed from a DVD rental service into a globally renowned streaming service. The company’s history is also an example of the important role the high-yield market can play in corporate bonds for young and innovative companies.
Is this time different?
The risk premiums on corporate bonds are close to their lows. What are the reasons? Is a correction imminent or is everything perhaps completely different on the bond market this time?
Corporate bonds – Why emerging markets are worth a look
Fund manager Thomas Oposich explains in an interview what makes investments in emerging market bonds interesting and which sectors and companies he considers promising.
Market outlook: What investors can expect in 2024
2023 brought many surprises – including positive ones, such as the unexpectedly good performance across all asset classes. What can investors expect in the new year and which topics could come into focus? Gerald Stadlbauer, Head of Discretionary Portfolio Management, provides an outlook.
Stock markets review: Hopes for interest rate cuts fuelled significant gains in 2023
The international stock markets closed out 2023 with significant gains. Hopes of abating inflationary pressure and declining interest rates were the main market drivers in Q4, resulting in a strong year for stock exchanges.
The Rise of the Fallen Angels
Rating agencies assess the creditworthiness of companies and thus play an important role in the financial market. They were also in the spotlight at the beginning of the corona pandemic, with many companies being downgraded as a result of the crisis. In the meantime, the pandemic has been overcome and some of the so-called “Fallen Angels” are once again in a much better position with regard to their creditworthiness and rating.