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RBC Global Asset Management - Wed, 06/26/2024 - 13:43

Strong demand and limited new supply help boost the leveraged loan market

Ajeet Atwal, Portfolio Manager on the BlueBay U.S. Fixed Income Team, examines the supply and demand factors that are driving the ongoing strength of the leveraged loan market in the U.S.

Summary points

  • The Fed’s higher for longer strategy has created strong demand for floating rate assets.
  • Supply of new loans has been dampened by a lack of M&A activity.
  • Given the positive macro background, the opportunity to invest in both leveraged loans and CLOs is attractive due to the strong carry and strength of underlying borrowers.
     

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RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC), the 5th largest bank in North America and 8th largest in the world based on market capitalization. As an asset manager with global scope and industry-leading management capabilities, our purpose is to provide clients an unrivalled experience of investment and service excellence. With professionals in North America, Europe and Asia, RBC GAM provides a comprehensive range of investment solutions and services to both individual and institutional investors. Our global scope, knowledgeable investment professionals and commitment to excellence drive traditional and leading-edge solutions that address and evolve with our clients' investment objectives. With more than $412 billion in assets as of 3.31.23, RBC GAM's 18 investment teams composed of more than 380 investment professionals are committed to providing clients around the globe with appropriate investment solutions.

Andrew Tewksbury
Director, Institutional Sales
drew.tewksbury@rbc.com
Office – 203-241-1005

https://institutional.rbcgam.com/en/us/

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