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Tame risk, Credit
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Latest insights
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AI, ESG, SRI, Benjamin ChekrounWhy we can’t ignore AI governance
Artificial Intelligence (AI) has become a familiar part of our lives, but we are only just beginning to realise the risks associated with it. With regulation unable to keep pace, AI governance is now a major issue. -
Ken Van Weyenberg, Quentin Duquesne, Equities, GeopoliticsEuropean defence autonomy: rearming with purpose
For decades, European defence budgets were treated as a discretionary line item, a peace dividend to be spent elsewhere. Russia's invasion of Ukraine broke that assumption. The ensuing years featuring a less predictable transatlantic security relationship and the growing importance of cyber, drones and space have only reinforced that break.
Viewpoints
Explore our latest articles and comments. Updated regularly, this section offers diverse perspectives and insights. Easily filter by tags such as authors, themes, and formats to find what interests you. Dive in and discover our viewpoints.
Can Europe build its way to energy autonomy?
Equities, Geopolitics, Circular Economy, ESG, SRI, Ken Van Weyenberg, Elie El Kadi, Antoine Lensel
Europe may be breaking its dependence on Russian fossil fuels, but energy autonomy will not be achieved by changing the energy mix alone. It will require stronger grids, greater industrial capacity and more resilient critical-material supply chains.
Candriam Credit Outlook
Tame risk, Credit, Charudatta Shende, Fixed Income
Credit markets have remained resilient, with yields still at interesting levels. But tight spreads, rising bond issuance and growing dispersion mean selectivity is becoming increasingly important.
Fixed Income, Tame risk, Credit, Charudatta Shende
Credit’s Circular Conundrum
Credit markets have spent the summer displaying an almost improbable degree of composure. Renewed tensions around the Strait of Hormuz, disruption to tanker traffic and sharp swings in oil prices repeatedly unsettled rates markets, while the continuing war in Ukraine has ensured that geopolitical risk never receded far from view.
Equities
Higher yields haven’t derailed equities (for now)
Following the technology- and momentum-led correction in July, global equity markets resumed the upward trend seen since the beginning of the year.
Alternative Investments
Risk appetite returns, but with seatbelts fastened
Global activity remained resilient in August, though regional divergences persisted.
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Monthly Coffee Break
Updated each month, this section provides expert analysis and strategic insights. Stay informed with our latest market perspectives and allocations.
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Monthly Coffee Break, Alternative InvestmentsDispersion and Trends Drive Opportunities
September was characterised by resilient global economic activity, persistent inflationary pressures and increasing concerns over monetary tightening and geopolitical risks. In the United States, economic momentum remained robust, supported by AI-related investment and resilient consumption, despite signs of labour market moderation. In Europe, economic indicators continued to improve, with manufacturing and services PMIs signalling greater resilience. -
Monthly Coffee Break, Asset AllocationEarnings take centre stage
The Fed has delivered a hike where investors just months ago expected cuts. Markets now anticipate further tightening through 2027, yet US equities remain higher this year. Earnings expectations have held up through the reversal in monetary expectations. The upcoming Q3 reporting season will show whether companies can deliver on them. -
Monthly Coffee Break, Fixed IncomeMaintaining duration overweight on EUR rates
We retain a modest duration overweight in the two-to-five-year segment after September's sharp sell-off. Higher real yields have made valuations more appealing, but we keep conviction limited. Our strongest argument remains monetary policy: markets discount a terminal Fed rate around 4.75% , leaving room for a less extensive tightening cycle to support shorter maturities. -
Monthly Coffee Break, EquitiesThe earnings test
After a period in which strong earnings helped equities absorb rising interest rates, higher bond yields have begun to weigh more on equity sentiment. The third-quarter reporting season will now test whether companies can sustain market confidence through solid results and credible guidance. Earnings expectations continue to rise, providing an encouraging starting point, while also raising the bar for companies to deliver.
Explore
Find the latest research papers. Easily filter by tags such as authors, themes, and formats to access the information most relevant to you. Explore and enhance your understanding with Candriam's trusted research.
Research Paper, Fixed Income, Credit, Tame risk, Charudatta Shende, Marie Thomin
Credit: Taming a Wide Universe
Credit markets have evolved. What was once considered a single asset class has become a broad, fragmented and multi-layered ecosystem spanning bonds, derivatives, private markets, currencies and capital structures—from senior secured debt to subordinated and hybrid instruments.
Credit, Tame risk, ESG, SRI, Fixed Income
Identifying Climate Risk in Credit
When climate indices disagree, is the gap simply noise - or a risk that credit markets price? This paper connects academic research with investment practice to explore climate beta uncertainty in US and European corporate bonds.
Credit, Tame risk, AI, Fixed Income, Research Paper
The AI debt wave
AI’s infrastructure boom is drawing some of the world’s largest technology companies deeper into debt markets.
Research Paper, ESG, SRI, Jules Bardy, Cemre Aksu
Effective Leadership: Is your board prepared for the next leadership challenge?
Leadership transitions can affect strategy execution, organisational stability, investor confidence and long-term value creation. Yet effective leadership governance goes beyond selecting the right CEO today. Boards also need to anticipate the leadership capabilities their company will require for its next strategic phase.
Research Paper, Equities, Johan Van der Biest, Ken Van Weyenberg
The environmental transition
The environmental transition is no longer a distant policy ambition. It is becoming a structural economic force — reshaping energy systems, industrial value chains and resource infrastructure. As clean technologies mature and environmental pressures intensify, investors can look beyond short-term policy cycles to a multi-decade capex opportunity spanning electrification, circularity and water security.
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