Lucror Analytics has released its annual investment book for the European high yield market, a publication that provides investors with an outlook for the sector, top trade ideas and credit profile summaries of issuers.
The outlook is for a more pronounced recovery in mature economies. Lucror believes some risks may stem from a slowdown in select emerging markets. It appears unlikely that the Fed will rapidly reduce its supportive stance. Lucror does not expect a substantial rise in defaults absent a substantial deterioration in markets impacting upon companies seeking to refinance.
The special comment, “European High Yield Investment Book 2014”, is available at www.lucroranalytics.com. Lucror subscribers can access this report via the link provided at the end of the press release.
"Lucror's investment book provides a comprehensive and illuminating reference source for investors with detailed updates and outlooks for the companies under our coverage," says Dr Felix Fischer, Lucror's Global Head of Research.
The investment book comprises three sections: Sector Overview, Top Picks; and company outlooks by sector. The book covers 94 companies, representing the key European high yield issuers.
"We are confident that this warehouse of opinion will facilitate stronger investor understanding of European high yield issuers," says Jayanth Kandalam, a Lucror Senior Analyst and one of the investment book’s authors.
"Our Top Picks include long and short trade ideas with a mix of strategic and tactical recommendations, including some previously unloved bonds," says Dr Fischer.
Subscribers can access the European Investment Book here.