The changing world of credit

Nuveen’s latest EQuilibrium survey shows that almost 95 per cent of institutional investors globally now hold private credit in their portfolios, marking a significant jump in the last five years. At the same time, investors are reengaging with public fixed-income markets with the recent rise in yields. “Higher interest rates, more dynamic private markets, and persistent macroeconomic and political uncertainty are resetting investor expectations,” says Anders Persson, chief investment officer and head of global fixed income at Nuveen. “Credit markets have undergone a fundamental transformation...