Voya Investment Management

PODCAST

Voya Investment Management | 05/19/26

Relative Value That Hasn’t Compressed: Why Commercial Mortgages Still Stand Out

Greg Michaud and Stefanie Stewart of Voya Investment Management discuss why commercial mortgages continue to offer compelling relative value, strong underwriting opportunities, and attractive risk-adjusted returns for insurance investors.

ARTICLE

Voya Investment Management | 04/07/26

How Private Equity Secondaries Squeeze Water from a Stone

Whether M&A or IPO activity is slowing or thriving, a strategy focused on secondary private equity may provide more stable cash flows compared to primary investments. However, the diversification of the underlying assets in the portfolio will likely play a key role in determining the level of cash flow.

ARTICLE

Voya Investment Management | 04/01/26

Commercial Mortgage Loans: Enhancing Yields with Real Estate Debt

The commercial real estate market is experiencing strong transaction and origination volume as well as notable asset price stabilization.

ARTICLE

Voya Investment Management | 03/31/26

Iran-Driven Considerations for Fixed Income Markets

Escalating geopolitical tensions add uncertainty just as markets had been anticipating disinflation and monetary easing. For fixed income investors, the focus is on how energy, inflation expectations, and risk pricing may respond if disruptions deepen.

ARTICLE

Voya Investment Management | 03/24/26

Private Credit Insights: Cut the SaaS

While often labeled “senior secured,” these software loans are likely to have very low recovery rates in times of trouble (or transformational tech sector change) due to their lack of tangible collateral.

ARTICLE

Voya Investment Management | 03/24/26

IG Credit in 2026: Attractive Yields Still Doing the Heavy Lifting

With spreads tight and issuance set to rise, elevated all-in yields remain the key force anchoring investment grade credit returns in 2026.

Close-up of a green palm leaf with sunlight creating a checkered pattern of light and shadow across its ridges.

ARTICLE

Voya Investment Management | 09/11/25

Private Credit Insights: Liquid Courage

Policy uncertainty, federal funding cuts, and volatile markets have spurred many investment boards to fixate on liquidity. Take courage: You can sell out of private credit positions—and not just to secondaries funds.

ARTICLE

Voya Investment Management | 08/07/25

Equity Themes for 2H25: Policy and Innovation Drive Profit Potential

After a volatile start to the year, we see opportunities as markets focus on President Trump’s deregulatory agenda, tech’s unrelenting rise, and Europe’s defense surge.

ARTICLE

Voya Investment Management | 08/07/25

Renewable Energy Infrastructure: Impact of the One Big, Beautiful Bill

The newly-passed budget bill’s early sunset of clean energy investment tax credits will likely fuel a near-term spike in renewable energy infrastructure deal flow. Longer-term impact is mitigated by renewable generation’s historically-observed ability to adapt to changing project economics, and the U.S.’ surging electricity demand growth.

ARTICLE

Voya Investment Management | 07/31/25

Fixed Income Perspectives: 2H25 Themes

We develop and regularly evaluate macroeconomic and thematic insights that drive dynamic sector allocation across our multi-sector fixed income portfolios. The following six themes reflect how we are structuring our risk profile in the second half of 2025.

ARTICLE

Voya Investment Management | 07/31/25

CIO Roundtable: The New Divergence

The economy’s impressive resilience has helped markets shake off fiscal and geopolitical uncertainties. But while it’s business as usual for some sectors, others are facing a panoply of new challenges, compounded by the accelerating AI revolution. Our experts take a look at how to play this complex new landscape.

ARTICLE

Voya Investment Management | 07/16/25

Cash Balance Plans: What You Need to Know

The cash balance plan is the fastest-growing plan design in the country, but they can be tricky for sponsors to hedge.

ARTICLE

Voya Investment Management | 06/12/25

A Guide to Investment Grade Private Credit

With attractive yields, robust covenant protection, and ample liquidity, investment grade private credit is a growing favorite of both investors and borrowers. Here’s what you need to know.

ARTICLE

Voya Investment Management | 06/11/25

Multi-Asset Perspectives: Adapting to Political Shifts and Economic Rebalancing

Policy uncertainty drives market volatility: The Trump administration’s trade policies, including reciprocal tariffs, have caused significant market volatility and uncertainty. While tariff reductions have been announced, there may be higher levels of volatility as trade memorandums of understanding are negotiated.

ARTICLE

Voya Investment Management | 06/04/25

Fixed Income Perspectives: A Buy-the-Dip Opportunity?

U.S. economic growth is expected to slow this year, and the risk of a recession has certainly risen. While credit spreads have widened from historically tight levels, they are not flashing warning signs. Is this a buy-the-dip moment?

ARTICLE

Voya Investment Management | 06/04/25

Tariff Shockwaves: 3 Market Takeaways

Following last week’s turbulent equity market and the surprising weakness in bonds, we gathered our thoughts on the markets and what we’re watching closely.

ARTICLE

Voya Investment Management | 05/28/25

3 Reasons to Consider International Small Cap Equities

For investors looking for better potential return opportunities and diversification benefits, we see three reasons to venture beyond U.S. stocks.

ARTICLE

Voya Investment Management | 05/28/25

LDI Quarterly Update: 1Q25

With the first quarter marked by volatility and funded status at risk, it may be time for defensive positioning.

ARTICLE

Voya Investment Management | 05/21/25

Insurance Themes: A Travel Companion for Tariff Turbulence

Every resource committed to managing Voya’s insurance general account is extended to our insurance clients. Here are some strategies we’re using to navigate market uncertainty.

ARTICLE

Voya Investment Management | 05/21/25

Insurance Themes: A Travel Companion for Tariff Turbulence - Webinar Replay

We expect uncertainty and volatility to persist and for the investment challenges facing insurance companies to remain elevated.

ARTICLE

Voya Investment Management | 05/14/25

Positioning for Tariff Impacts and Market Volatility

Voya’s Multi Asset Strategies and Solutions team is committed to helping our clients and investors weather turbulent times. Here’s our latest thinking and portfolio positioning.

ARTICLE

Voya Investment Management | 05/14/25

Private Credit Insights: Play Ball!

Sports teams’ capital needs are often best served by asset-based finance, such as media rights and infrastructure transactions, rather than corporate debt. We look at some case studies in sports lending and, more broadly, how to think about ABF allocations in portfolios.

ARTICLE

Voya Investment Management | 05/07/25

Corporate Pension Investing: The Bear Necessities

This year has been marked by high volatility and the specter of negative equity returns. For sponsors wanting to shift to a more risk-off stance, we examine what a defensive portfolio looks like in 2025.

ARTICLE

Voya Investment Management | 05/07/25

Quick Take: What Tariff Shockwaves Mean for Your Portfolio

Despite broadly telegraphing new tariffs, Trump caught markets off guard with the sweeping scope of his policies. Markets are taking the news seriously, given the risk of higher inflation and slower growth at a time when consumer spending and confidence are already under pressure.

ARTICLE

Voya Investment Management | 04/29/25

Tariff Notes: Voya Short Duration High Income

With U.S. high yield markets starting from solid ground, our approach to managing trade risk is to limit unnecessary exposure to affected industries.

ARTICLE

Voya Investment Management | 04/22/25

Watch Now: Tariffs and the Insurance Investing Landscape

Despite broadly telegraphing new tariffs, Trump caught markets off guard with the sweeping scope of his policies. Watch as Jeff Hobbs, CFA, Head of Insurance Portfolio Management, discusses recent events, investment and portfolio implications, and what insurance companies should be doing right now.

ARTICLE

Voya Investment Management | 04/22/25

CIO Roundtable: Historic Reform or Gathering Storm?

As policy uncertainty clouds the economic horizon, how much of this year’s market volatility is being driven by sentiment, and how much is declining fundamentals? Our experts take a look.

ARTICLE

Voya Investment Management | 04/16/25

The S&P 500: Diversified Index…or Active Management in Disguise?

When the S&P 500 is more like the S&P 50, passive investing may not be the diversified approach you think it is. Here are some simple ways to broaden your exposure and reduce concentration risk.

ARTICLE

Voya Investment Management | 04/16/25

Tariff Gambit: Our Thoughts on Weathering the Volatility

The fluid tariff situation is paralyzing businesses, worrying consumers, and confusing investors. In periods of high uncertainty, we believe the best approach is to remain steady and reassess whether portfolio allocations align with investment goals. Here’s how our teams are managing the current environment.

PODCAST

Voya Investment Management | 03/17/25

Plugging into the Energy Transition Opportunity

Edward Levin, Managing Director and Co-Head of Direct Infrastructure at Voya Investment Management, joins the InsuranceAUM.com Podcast to break down the energy transition opportunity, offering insight into renewable infrastructure financing, evolving demand drivers, and why bipartisan support keeps the sector resilient.

ARTICLE

Voya Investment Management | 02/20/25

Senior Loan Talking Points

Following the release of the elevated CPI print this week, rates slightly widened. The loan market experienced some softening this week, as the Morningstar® LSTA® US Leveraged Loan Index (Index) returned 0.03% for the seven day period ended February 13. The average Index bid price lost 14 bp, finishing the week at 97.37.

ARTICLE

Voya Investment Management | 02/20/25

LDI Annual Review: 2024

Credit spread tightening and U.S. pension plans: options for yield enhancement.

ARTICLE

Voya Investment Management | 02/11/25

Win Big or Win Often: Which Matters More?

Screening for high levels of excess capital is a good starting point for finding winners—but persistent stock picking comes from fundamental analysis to identify companies that best use their dry powder.

ARTICLE

Voya Investment Management | 02/11/25

U.S. Leveraged Credit in 2025: Yields Offer a Cushion in an Aging Credit Cycle

While high starting yields should provide a buffer against potential volatility, credit selection will be critical as dispersion within and across sectors increases.

ARTICLE

Voya Investment Management | 02/04/25

Fixed Income Perspectives: The “Good” Good News about Bonds

Inflation is cooling, the economy is resilient and starting yields offer a cushion against further rate volatility—there’s a lot to like about fixed income in 2025.

ARTICLE

Voya Investment Management | 02/04/25

DeepSeek: An AI Innovation Milestone, Not a Disruptor

Markets may have been shocked by headlines about China’s DeepSeek breakthrough, but many in the AI industry were not. And when you peek under the hood, there’s plenty of good news.

ARTICLE

Voya Investment Management | 01/13/25

CIO Roundtable: Can 2025 Live Up to the Promise?

Despite questions about the Fed, Trump policies and a shifting global order, markets appear to have embraced the pro-growth promise of deregulation and tax cuts.

ARTICLE

Voya Investment Management | 01/10/25

Investment Grade Private Credit: The Basics

A short primer on private placements.

ARTICLE

Voya Investment Management | 01/10/25

Private Credit Insights 4Q24: The Year Ahead

All we want for Christmas is a great 2025 for alts. Looking at the factors in play, we may just get it—more (and bigger) deals, attractive spreads, and a little “Trump bump” here and there.

ARTICLE

Voya Investment Management | 01/08/25

Fixed Income Perspectives: Themes for 1H25

As investors prepare for the effects of higher-for-longer rates and a new administration in 2025, we offer five themes we think will drive fixed income markets in the first half of the year.

ARTICLE

Voya Investment Management | 01/07/25

U.S. Investment Grade Credit Update

After a bumpy start, 2024 emerged as a year of resilience for fixed income markets, with strong returns and a promising outlook for U.S. corporate bonds.

ARTICLE

Voya Investment Management | 12/16/24

Private Credit Insights 3Q24: What People Get Wrong about Private Credit

Myths and misapprehensions about private credit often seem to get more airtime than facts. Here’s a look beyond the headlines at what the market’s really like.

ARTICLE

Voya Investment Management | 12/16/24

A Guide to Mortgage-Related Assets

Residential mortgages are transformed by investors’ de-risking process into a spectrum of assets, from very stable CMO bonds to mortgage derivatives, credit risk transfers and more. The result is a broad range of liquid investment opportunities featuring differentiated risk profiles and attractive risk-adjusted returns.

ARTICLE

Voya Investment Management | 12/16/24

Key Structural Changes Shaping Insurance Portfolio Management

We’re increasingly finding opportunities in asset-based finance, taking advantage of attractive spread-to-public premia, diversifying collateral and desirable structural characteristics.

ARTICLE

Voya Investment Management | 12/13/24

Private Credit Insights 4Q24: The Year Ahead

All we want for Christmas is a great 2025 for alts. Looking at the factors in play, we may just get it—more (and bigger) deals, attractive spreads, and a little “Trump bump” here and there.

ARTICLE

Voya Investment Management | 10/11/24

Zig When Others Zag: Thoughts on Value Investing

Assessing stocks through the lens of excess capital formation can help investors avoid value traps and identify high-quality stocks that tend to look less attractive based on traditional metrics.

ARTICLE

Voya Investment Management | 10/11/24

CIO Roundtable: Electionomics in 2024

As we head into the final stretch of hotly contested races up and down the ballot, our experts convene for civilized discourse on what matters to markets, what doesn’t, and how the economy can possibly survive past November 5th.