For Institutional / Professional Investors Only
Welcome to the cio investment club. Our website is exclusively for institutional/professional investors.
Our content, which includes investment research, market analysis, and other informational material is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to sell or solicit any security.
By proceeding, you can confirm that:
- You are an institutional or professional investor in your jurisdiction (including, in the UK, professional clients under FCA rules, and in the US, accredited or qualified institutional investors under SEC rules).
- You understand that this website is not intended for retail or non-professional investors.
- You will not share content from this website with anyone who does not meet these eligibility criteria.
Acknowledgement:
Content on this website is intended only for institutional or professional investors and is for informational purposes only. It does not constitute investment advice, a recommendation, or an offer to sell or solicit any security.
European banking credit: financially sound?
We review the European credit universe and ask why is it that financial credit spreads are so tight relative to non-financials?
No investor can study the credit universe without paying close attention to the financial sector – and more specifically – banks. While their importance as an overall percentage of the European corporate bond index has fluctuated over the years, banks continue to be the largest sector in the index. Standing at 30% currently[1], the banking sector is still some way off its 2010 peak of around 45% as other constituents of the index have grown, most notably real estate and healthcare. Potential reasons behind an increase in these sector weightings are discussed in an earlier blog.
L&G
Monday 10th June 2024
DISCLAIMER
By downloading content from this page, you agree for the cio investment club to share your contact details with L&G so they can add you to their marketing contact list. The views and opinions expressed here are those of L&G and may not represent the views of the cio investment club.
