European credit: the missing piece within pension funds?

While Canadian pension plans and institutional investors have traditionally looked to U.S. credit markets, European credit has quietly delivered stronger returns across investment-grade bonds, high-yield bonds, and loans over 1-, 3-, 5-, and 10-year periods.

This white paper from Manulife | CQS Investment Management (MCQS) explores the market dynamics and structural drivers behind the historical outperformance of European credit, and why investors may want to take a closer look. It examines the unique characteristics that have made Europe a historically supportive environment for income-seeking investors and outlines how a geographically agnostic, multi-asset credit approach can flexibly allocate between regions as relative value opportunities evolve.

By downloading this white paper, you'll find out:

• How European credit has historically outperformed many U.S. credit sectors across multiple market environments
• Why creditor-friendly legal frameworks and market dynamics can support lenders and income-focused investors
• How relative value shifts between European and U.S. credit markets over time, and what that means for an allocation strategy
• How European credit can play a role within a diversified global multi-asset credit portfolio
• Why active, bottom-up credit research is important when evaluating opportunities across the credit universe.

Download the white paper to learn more about the potential role of European credit within a diversified institutional portfolio.

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