Market Insights

As we head into the second quarter of 2025, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.

The first quarter of 2025 brought renewed volatility as trade tensions escalated with the latest U.S. tariff announcement. While prolonged uncertainty may be challenging, having an active and disciplined investment approach enables us to continue adding value.

Market reaction to the April 2nd tariff announcements was swift and negative. While uncertainty runs high, we remain committed to a disciplined and steady approach to balance capital preservation and value generation.

We are thrilled to announce a new investment from The Atmospheric Fund (TAF) in our RP Broad Corporate Bond (Fossil Fuel Exclusion) strategy. This partnership underscores our commitment to providing solutions that meet the financial goals of clients like TAF while promoting sustainability.

In this newsletter, we highlight the growth of Hybrids and AT1s and how their unique characteristics have benefited issuers and investors alike. We also share examples of how we have capitalized on recent new issue opportunities in this space within our portfolios.

In this letter, our CEO outlines our approach to navigating geopolitical risks and the opportunities still available in global bond markets.

2024 was marked by slowing inflation, interest rate cuts, and elections impacting global bond markets. With looming inflation risks and trade uncertainties tied to Trump's policies, we are focused on tactical trades while balancing capturing value with risk management.

As we head into the first quarter of 2025, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.

Debt-for-nature (D4N) swaps are re-emerging as a promising solution for developing countries to reduce foreign debt while committing to environmental conservation. Since 1987, more than 140 such agreements have been made. However, despite their significant potential, D4N swaps still face ongoing challenges that could hinder their overall effectiveness.

With uncertainty around the US election now in the rearview and year-end fast approaching, we discuss what lies ahead for fixed income markets in 2025.

In light of the booming growth of capital allocated to private credit over the past decade, our CEO shares his views on the different dynamics of private and public credit, drawing on his experience and insights to highlight the potential impact on investor portfolios.

As we head into the final quarter of 2024, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.

Fixed income continues to be in vogue as we head into the end of the year. We remain cautiously optimistic, mindful of potential volatility given global geopolitical risks and the political and inflationary risks associated with the US election.

In this newsletter, we discuss what we expect will occur in credit markets in the coming months, highlighting the key themes and opportunities that will matter to investors.

As central banks cut rates, market dynamics shift for different types of assets. In this article, we explain why corporate bond funds can be more appealing than GICs in a falling rate environment.

As central banks work to balance rate cutting cycles with inflation risks, politics took centre stage toward the latter end of Q2. In this note, we summarize our views on the current environment and highlight our outlook as we head into the third quarter.

As we head into the third quarter of 2024, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.

We believe the continued dislocation across global markets offers an excellent opportunity to generate alpha by actively allocating to what we view as the best risk-reward opportunities. The RPIA Investment Team is currently focusing on several themes that we believe can lead to superior risk-adjusted returns.

Slowing issuance, combined with the high inflows into fixed income, lends for a significant tailwind where investors can take advantage of the compelling opportunities in active credit.

As we head into Q2, we gathered some of the key themes and opportunities we see in the current market environment.