Episode 87: The Complexity Premium in Structured Credit: Fundamentals and Absolute/Relative Value (Part 1)

Investors today are navigating a set of complex macroeconomic, geopolitical, and market forces. Whatever the market conditions, Guggenheim Investments leans in to structured credit as an important allocation in most of our fixed-income strategies. In Part 1 of this episode, Karthik Narayanan, Head of Structured Credit, joins Macro Markets to discuss the fundamental appeal of the sector and its relative and absolute value.

Related Content:

Corporate Credit Quarterly

Solid corporate fundamentals continue to anchor our constructive view on credit.

Read Now

Macro Markets: Portfolio Strategy as Oil Stays Elevated and ‘Regime Change’ Comes to the Fed

Insights on the FOMC decision, inflation, and the possible path of oil prices.

Listen Now

The Advantage of Investing in Real Assets and Infrastructure

The dynamic landscape of infrastructure investing offers diverse opportunities across sectors and the risk-return spectrum.

Read Report

Investing involves risk, including the possible loss of principal. In general, the value of a fixed-income security falls when interest rates rise and rises when interest rates fall. Longer term bonds are more sensitive to interest rate changes and subject to greater volatility than those with shorter maturities. High yield and unrated debt securities are at a greater risk of default than investment grade bonds and may be less liquid, which may increase volatility. Private debt investments are generally considered illiquid and not quoted on any exchange; thus they are difficult to value. The process of valuing investments for which reliable market quotations are not available is based on inherent uncertainties and may not be accurate. Further, the level of discretion used by an investment manager to value private debt securities could lead to conflicts of interest.