2025 rewarded investors who stayed invested in carry. But as we move into 2026, the mix of:
• Sticky core inflation
• Slower, but not collapsing growth
• Markets still trading as if rates will stay higher for longer, even as central banks move cautiously into the cutting phase
…means not all yield is created equal.
In our Valeur Investment Outlook 2026 on 08 January (11:00 CET)
we’ll discuss:
• Which parts of credit we still like – and where we think spreads don’t pay for the risk
• How to avoid the “tourist trades” that have become crowded
• How we implement this across liquid and semi-liquid credit
🎥 Join the 45-minute virtual session: https://lnkd.in/dFVSZA8Q
