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2021 GLOBAL MIDYEAR CREDIT OUTLOOK

A dynamic restart

We examine the state of play in global credit at midyear, tracking progress on our 2021 themes and re-underwriting their relevance going forward.
  • The importance of getting granular

    The importance of getting granular

    Sep 13, 2021 | By BlackRock Investment Institute
    We see a need for a more granular approach in strategic portfolios. Read about why in our Global weekly commentary.
  • Getting Granular

    Aug 16, 2021 | By BlackRock Investment Institute
    Our overweight on developed market equities is further bolstered by a more granular, sectoral approach. Learn more in the August 2021 Portfolio perspectives.
  • How pensions can benefit from today’s opportunities in credit

    Jun 21, 2021 | By BlackRock
    Explore insights into the role of credit for corporate and public pensions in a low yield environment and opportunities for yield, return and diversification.
  • The new nominal: Just getting started

    May 25, 2021 | By BlackRock
    The interplay between monetary and fiscal policy has dominated the post-Covid macro environment. Read more on how it informs our strategic investment views.
  • The pandemic and the credit spectrum

    Mar 31, 2021 | By BlackRock
    Credit markets are strong. But behind the headlines, a more complex story is unfolding as long-running trends intersect with Covid’s economic consequences.
  • Key investment themes for family offices in 2021

    Mar 25, 2021 | By BlackRock
    In this blog, we discuss investment themes driving markets in 2021, tactical asset allocation ideas and where we see opportunities for family office investors.
  • The evolution of sustainable investing for family offices

    Mar 24, 2021 | By BlackRock
    Family offices have moved from learning about sustainable investing to incorporating it. Learn how family offices are engaging in climate and impact strategies.
  • Climate change – turning investment risk into opportunity

    Feb 23, 2021 | By BlackRock Investment Institute
    We believe climate risk is investment risk. That is why we now include the effects of climate change in our portfolio design. Explore our new research.
  • BlackRock sector outlook 2021: Healthcare

    Feb 19, 2021 | By BlackRock
    The pandemic put the healthcare sector front and center in 2020 and 2021 as development of therapies and vaccines to combat COVID-19 got underway.
  • A lens on emerging market equities

    Feb 19, 2021 | By BlackRock
    Emerging market (EM) equities defied early gloom last year and ended with double -digit gains, outperforming developed markets. Read more in our newsletter.
  • Davos Brief

    Jan 25, 2021 | By BlackRock Investment Institute
    The virus shock has transformed the global investment landscape, accelerating deep structural trends. Ahead of Davos, read our latest macro and market insights.
  • Staying on track in a world of change

    Jan 13, 2021 | By BlackRock
    Highlights from our start-of-the-year webcast, with investors looking at deployment and investment themes in real assets, credit and private equity.
  • Emerging markets in the spotlight

    Dec 16, 2020 | By BlackRock
    BlackRock’s leading emerging market investors explain why they are bullish on EM in 2021 and where they see the best opportunities in equity and debt.
  • An endowment’s perspective on the outsourced CIO model

    Dec 14, 2020 | By BlackRock
    Jeff Mindlin, Arizona State University Enterprise Partners CIO, explains how endowments can build a successful outsourced chief investment officer partnership.
  • A new playbook for higher inflation

    Dec 1, 2020 | By BlackRock
    Inflation has persistently undershot central bank targets. Yet we see three new forces that may lead to a higher inflation regime than expected.
  • ESG moves centre stage

    Dec 1, 2020 | By Sonia Rocher
    Private debt strategies can work with borrowers on ESG issues. Sonia Richer, Head of Research for European Middle Market Private Debt, explains how.
  • A different kind of distressed-credit cycle

    Nov 16, 2020 | By BlackRock
    The pandemic is likely to drive a significant wave of restructuring that calls for a broader range of solutions than seen in prior cycles.
  • 2020: A Year of BifurKation

    Nov 15, 2020 | By BlackRock
    An increasing body of evidence suggests the economic recovery from the Covid-19 pandemic is K-shaped – implying a distinct bifurcation of outcomes.
  • Fixed income style factors: Moving from theory to practice

    Oct 15, 2020 | By BlackRock
    The fundamental investment concepts underlying style factor investing can be applied in fixed income. Learn how to implement factor premia in corporate bonds.
  • Credit’s role in the economic recovery

    Sep 30, 2020 | By BlackRock
    Looking ahead in a credit cycle like no other with BlackRock’s CIO and Global Co-Head of Credit as well as a variety of BlackRock global credit leaders.
  • Credit’s new context: An economic crossroads

    Sep 30, 2020 | By BlackRock
    A look at the profound shifts in macroeconomics and geopolitics that have transpired as of late as well as thoughts on the imminent US election.
  • Of capital flows and borrower balance sheets

    Sep 30, 2020 | By BlackRock
    Looking at the comparison between the deals investors are targeting and the financing companies need in private credit in the wake of COVID.
  • Credit’s place in the portfolio

    Sep 30, 2020 | By BlackRock
    Exploring the full public/ private toolkit and finding income with leading CIOs, credit specialists, and BlackRock’s Global Chief Client Officer.
  • Managing risk in credit portfolios

    Sep 30, 2020 | By BlackRock
    A look at how assessment and attribution in credit can produce better outcomes with BlackRock’s Head of Global Private Credit Risk & Quantitative Analysis.
  • ESG in credit investing

    Sep 30, 2020 | By BlackRock
    A look at raising the bar in data collection, due diligence, and monitoring with BlackRock’s Head of Research for European Middle Market Private Debt.
  • Dynamism in credit: blending public and private credit

    Sep 30, 2020 | By BlackRock
    A look at the case for investing across the credit spectrum with BlackRock’s Head of Wealth Strategy for the Americas and two lead portfolio managers.
  • The evolution of private equity

    Sep 23, 2020 | By BlackRock
    The private equity industry has seen a variety of structural changes. We examine the of private equity over the past four decades.
  • Navigating the beta gap

    Aug 31, 2020 | By BlackRock
    Multi-asset strategies offer dynamic asset allocation, reduced reliance on market beta and access to a broader opportunity set to achieve investment outcomes.
  • Low risk, low inflation, low growth

    Aug 31, 2020 | By BlackRock
    Risk parity, a diversified, balanced, liquid strategy able to take on leverage, is well-positioned for a low rate, low inflation and low-growth environment
  • GTAA: An overlooked driver of long-term performance

    Aug 31, 2020 | By BlackRock
    : A GTAA investment framework is set apart by its uncorrelated return profile, financial instrument breadth, and forward-looking application of alternative data.
  • Readying for real resilience

    Aug 26, 2020 | By BlackRock Investment Institute
    Read about how we revamp our strategic asset preferences to position for market dislocations and the post-Covid 19 world.
  • Governing through a crisis and the likely policy outcomes for 2021

    Jul 22, 2020 | By BlackRock
    Two former governors discuss how Covid-19's spread, the economic effects, and rising social unrest are affecting the country and the political landscape.
  • Investing for income

    Jul 22, 2020 | By BlackRock
    We examine multiple opportunities to generate much-needed income in a world where benchmark interest rates are pegged near zero for the foreseeable future.
  • Technology: Our new virtual reality

    Jul 22, 2020 | By BlackRock
    A discussion on trends that are reshaping the tech industry, where we see opportunities today, and what breakthrough technologies may shape our future.
  • Shining a spotlight on the stakeholder

    Jul 22, 2020 | By BlackRock
    A panel of investors discuss how they are approaching sustainable investing in order to drive change, and to potentially improve investment returns.
  • Conversations on race, bias and inequity

    Jul 22, 2020 | By BlackRock
    A series of conversations with leaders in government, corporations, non-profits and education on how racial inequity is affecting the workplace and society.
  • Predicting the path of recovery

    Jul 22, 2020 | By BlackRock
    BlackRock’s CIO of Fixed Income and former Treasury Secretary Summers discuss the outlook for economic recovery anf the future of monetary and fiscal policy.
  • The renewable revolution

    Jul 22, 2020 | By BlackRock
    A look at how the world will power its energy needs in the future and where structural transformation is leading to investment opportunities.
  • Purpose in crisis

    Jul 21, 2020 | By BlackRock
    A look at how companies are evolving to align with the needs of their stakeholders, their clients, their employees, and the communities that they serve.
  • Winds of change: How to invest in renewables today

    Jul 21, 2020 | By BlackRock
    The coronavirus shock is accelerating structural and portfolio trends in favor of renewables, with portfolio resilience stemming from three key features.
  • Healthcare in the age of the coronavirus

    Jul 21, 2020 | By BlackRock
    Health care leaders explore how the efforts to combat the coronavirus are progressing, how technology is impacting the industry, and the future of healthcare.
  • Looking ahead: A conversation with BlackRock’s President

    Jul 21, 2020 | By BlackRock
    BlackRock’s president answers attendees’ questions, shares his insights on how clients are managing through the crisis, and offers perspective on the future.
  • Assessing opportunities across private markets

    Jul 21, 2020 | By BlackRock
    Our panelists share insights on how they are positioning private markets portfolios for both near-term opportunities and long-term resilience.
  • America in a post-COVID world

    Jul 21, 2020 | By BlackRock
    A look at the challenges of governing in a time of political and social unrest and thoughts on the changes we’ll see as we exit the acute phase of the pandemic.
  • Globalism at a crossroads

    Jul 21, 2020 | By BlackRock
    How changes in the geopolitical landscape are shaping the business environment, the fortunes of economies, investor sentiment and the path of corporations.
  • Fortifying portfolios for the next crisis

    Jul 21, 2020 | By BlackRock
    The current crisis tested both portfolio construction and market liquidity. We examine the lessons learned and share insights on preparing for more volatility.
  • Private perspectives on healthcare opportunities

    Jul 10, 2020 | By BlackRock
    COVID is driving big changes in global healthcare, creating both winners and losers. In this setting, private debt and equity can be effective ways to invest.
  • Private equity secondaries: Four things to know now

    Jun 30, 2020 | By Steve Lessar
    As periods of market stress roll on, opportunities to buy secondary interests in private funds may grow. Here are the deals and discounts our team is seeing.
  • Credit downgrades and fallen angels

    Jun 25, 2020 | By BlackRock
    The economic shock of the coronavirus has brought on a wave of credit downgrades and a flood of fallen angels. Explore how to navigate credit markets in 2020.
  • How alternative data can lend clarity amid uncertainty

    Jun 24, 2020 | By Jeff Shen, PhD
    Unusual times require more than the usual sources of information to assess the investing backdrop. We discuss how alternative data is making a difference today.

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