newsfilter.io

Lori Pomerantz

Showing 11 of 1 transcripts.

  1. Goldman Sachs10 min

    Investing in High Yield Bonds and Bank Loans

    Lori Pomerantz, Liz

    Goldman Sachs Asset Management analyzes the high-yield and bank loan markets by contrasting 2020's central bank-supported resilience with 2021's profit-taking outflows and anticipated rate hike sensitivity. The firm forecasts annual returns of 4% to 5% for U.S. high yield and 4.5% to 5.5% for bank loans, driven by coupon carry, sector migration from fallen angels to rising stars, and the structural stability of collateralized loan obligations. Strategic allocation shifts toward investment-grade issuers downgraded in the energy sector and active security selection aim to navigate elevated leverage ratios while capitalizing on expected second-half 2021 economic recovery.