ABS delivers performance through volatile market environments: what next?
We discuss how asset-backed securities provide an attractive investment proposition today and will perform well in benign and volatile environments.
BlueBay Investment Grade Asset-Backed Credit Fund
BlueBay Emerging Market Illiquid Credit Fund I SCSp
BlueBay Total Return Credit Fund
The BlueBay Emerging Market Credit Alpha Fund Limited
BlueBay Total Return Diversified Credit ESG Fund
BlueBay Total Return Diversified Credit Fund
The BlueBay Global Credit Alpha Long Short Fund Limited
BlueBay Global Securitized Credit Opportunities Fund
The BlueBay Event Driven Credit Fund Limited
BlueBay High Grade Short Duration Asset-Backed Credit Fund
Multi-asset credit
Enhancing investors’ asset allocation returns.
Securitized credit
Our product offering is designed to meet the needs of investors in both the investment-grade and higher-yielding space.
2025 Market View: Securitized Credit
Tom Mowl, BlueBay Portfolio Manager, shares his thoughts on 2024 and the year ahead.
Brazil: a changing landscape for private credit
We discuss a recent trip to Brazil, one of the larger markets in private credit, where we continue to see demand for capital.
Private credit opportunities in emerging markets
We discuss how a selective approach to high quality EM private debt investments can enhance returns, while reducing risk and dampening volatility.
The BlueBay Global Sovereign Opportunities Fund Limited
BlueBay Emerging Market Aggregate Short Duration Bond Fund
Unlocking markets: the hunt for high yield
In our ‘Unlocking markets’ episode, we discuss the positive backdrop for the high yield asset class, sector dispersion and the role of private credit.
The $7 trillion question – when will cash come off the sidelines?
We explain why the case for sitting in cash is weakening – and why even small shifts in allocation could have a big impact on spreads and returns.
Volatility is back – and it’s good news for active credit investors
Policy-driven volatility is creating opportunities for credit investors and playing to the strengths of a flexible, selective investment approach.
Developed Markets Special Situations Strategy
Offers access to European midmarket distressed and special situations in the public and private credit markets.
Private assets in emerging markets
We look at private assets in emerging markets and overcoming the drawbacks of private equity through an exposure to illiquid credit.
Unlocking the illiquidity premium in EMD
We discuss how – at a time of global uncertainty – EM private credit investors can benefit from enhanced yield and a compelling risk-reward balance.
Unlocking markets: is the sun shining after the storm?
In our ‘Unlocking markets’ episode, we discuss US credit markets, and the outlook for 2026 following this year’s volatility.
A favourable environment for high yield bonds
Today’s high yield bond market offers attractive yields, improved credit fundamentals, and alpha opportunities in sector allocation and single names.
Alternatives
We have a 20+ year track record delivering alternative credit strategies spanning private assets and liquid alternative credit.
Is this the end of US exceptionalism?
Spread compression reflects improving fundamentals and a realisation that Europe can offer a more attractive hunting ground for credit investors.
Financials – Europe’s most mispriced opportunity?
For investors willing to look beyond benchmarks, European financials offer compelling potential – but it takes specialist expertise to harness it.
Alternatives
A heritage rooted in alternative investments. Fundamental research builds the basis for any of our investment decisions.
BlueBay Multi Strategy Fund
Unlocking markets: the CLO 2.0 era
In our ‘Unlocking markets’ podcast episode, we discuss CLO markets, a complex area of finance that is frequently misunderstood by many investors.
2025 Market View: Fixed Income
Mark Dowding, BlueBay Chief Investment Officer, shares his thoughts on 2024 and the year ahead.
2025 Market View: Global Investment Grade
Andrzej Skiba, Head of US Fixed Income and Senior Portfolio Manager, shares his thoughts on 2024 and the year ahead.
Alternatives insights
A heritage rooted in alternative investments. Fundamental research builds the basis for any of our investment decisions.
2025 Market View: Financials
Marc Stacey, BlueBay Senior Portfolio Manager – Investment Grade, shares his thoughts on 2024 and the year ahead.
Now is the time for investment grade credit
Opportunities and challenges abound in fixed income investment grade.
BlueBay Emerging Market Illiquid Credit Fund I SCSp
BlueBay Emerging Market Illiquid Credit Fund I SCSp
High yield markets: staying focused in an ever-changing world
We discuss our views on key themes, pressure points in global high yield markets, and the outlook for the rest of the year.
European bond markets: five musings from April
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
Our CLO platform: an evolving growth story
Having recently priced our 11th CLO globally, we highlight the growth of our CLO platform, the drivers of its success, and plans for future issuance.
Investment grade
We are fundamental investors: this is the key component of our success.
Wise men follow a new light in the night sky
As we make bold predictions for year ahead, we would be wise to focus on policy and politics, and absolute return strategies.
Leveraged finance
We offer a variety of investment strategies providing exposure to the global leveraged finance markets.
Trump 2.0: the themes driving EM Debt
We discuss why emerging markets reacted as expected to Trump’s stunning win, and highlight three key themes shaping the outlook for EM fixed income.
2025 Market View: Emerging Markets Debt
Polina Kurdyavko, Head of BlueBay Emerging Markets, Senior Portfolio Manager shares her thoughts on 2024 and the year ahead.
Special situations: a favourable backdrop for European event-driven credit
With the second half of the year well underway, we look at distressed activity over the summer and the ongoing market opportunity in the asset class.
2025 Market View: US Fixed Income
Andrzej Skiba, Head of US Fixed Income and Senior Portfolio Manager, gives his thoughts on 2024 and the year ahead.
Market views: fixed income and equities
At the end of an eventful 2024, our fixed income and equities managers reflect on the key events and give their views on what could lie ahead in 2025.
Our history
RBC BlueBay represents the combined businesses of RBC Global Asset Management and BlueBay Asset Management, outside of North America.
BlueBay Capital Income Fund Objective
No hero for Net Zero
The US government shutdown continues and with air travel now affected, there are fears that the economic drag may start to escalate.
New Year’s fireworks
The UK has been front and centre this week, with the rise in borrowing costs making headlines and structural forces continuing to plague the economy.
BlueBay Emerging Market Unconstrained TAP Bond Strategy
BlueBay Emerging Market Unconstrained TAP Bond Strategy
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2025 Market View: European High Yield
Tim van der Weyden, BlueBay Portfolio Manager, shares his thoughts on 2024 and the year ahead.
The role of alternative fixed income strategies in today’s market environment
Opportunities for investors in a climate of high interest rates and market inefficiencies.
The Fed and the Fall
A notable development at this week’s FOMC meeting was dissent from new member, Stephen Miran, who advocated for a more aggressive 50bps cut.
Fixed Income document library
Trump 2.0, a song of fire and ice
There will be plenty of noise coming from Washington in the coming days, and we wait to see how this impacts markets, both domestically and overseas.
Bubblicious!
Newsflow in the Eurozone remained relatively muted this week, while the UK’s better-than-expected CPI print eased pressure on policymakers.
The New World Order
Investors are happy to catch their breath for a moment, following a very active few months since Trump returned to the White House.
Malin on the bloc....and other global markets
Fiscal anchors, AUD appeal, and rate cuts in Canada: we look at three interesting developments in global government bond markets.
Prince of Peace?!
It was an eventful week in Japan, where the election of Sanae Takaichi as LDP leader came as a surprise to markets and to us.
Blending markets: a global approach to high yield debt investing
US debt has dominated the HY market traditionally. However, the rise of European and EM HY debt is creating opportunities for enhanced returns.
Trump’s tariff tango
Many investors had taken a complacent view ahead of Liberation Day, yet the outcome was a complex array of tariffs at various rates on a global basis.
Political risk going K-Pop
As the dust settles with respect to US political volatility, the past week has an explosion of developments in France, Romania, and South Korea.
Big not beautiful
In the wake of negative newsflow surrounding Trump’s tariff agenda, it seems the administration is determined to generate some positive headlines.
Emerging markets debt
A multi-layered approach for a broad & evolving asset class.
I know what you did last summer….added alpha in CLOs
We actively added high-quality European CLOs in the primary market this summer, leveraging the market dislocation to generate alpha.
Little to celebrate on Liberation Day
European policymakers are readying robust countermeasures to US tariffs, while the Chancellor’s Spring Statement caused a stir in the UK.
Trump Towers
We dissect the week when Trump made a historic political comeback, winning each of the battleground swing states and scoring a resounding victory.
Winning in the USA
The past week has seen plenty of introspection and hand wringing in the EU, with Trump having exposed the lack of power and leadership in the bloc.
A 'cold' moment for Trump
The Trump administration is in an ebullient mood, on a sense that it is showing signs of winning the trade war it started in a global economy.
Positioning portfolios for 2025: ABS is a solution in volatile and benign markets
We explore two possible scenarios for 2025 – volatile and benign – and discuss how asset-backed securities can provide the solution in both outcomes.
Past the worst?
In period of relative market calm, we look at the long-term impact of the tariff tussle on inflation, growth and fixed income opportunities.
Party season
Markets are enjoying the season of goodwill, with US equities sitting at their highs and credit spreads narrowing to their tights for the year.
Trump and Dump
It’s been a rollercoaster week in markets but as volatility fades, valuations can correct and there are opportunities to add performance.
Shutdown blame game
The US government shutdown was a focus this week, while further protests in France have done little to help drive a political breakthrough.
European Bond markets: five musings from July
Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets for July.
Falling into line on Daddy's orders?
With the EU potentially taking a stronger line on trade negotiations with the US, markets are being complacent with respect to trade risks.
Economic fears ease, as political worries bubble to the surface
An extended US government shutdown could have modest economic downside risks, but we think it’s unlikely to materially impact the macro outlook.
Keeping calm in dangerous times
The Middle East conflict escalated this week while, further afield, price action in Chinese assets grabbed attention in the wake of policy easing.
A road to nowhere
With geopolitical risk elevated and US attention directed towards the Middle East, actors elsewhere could adopt an opportunistic stance at present.
From MAGA to MEGA
US tariff talk is becoming a reality, while a fiscal U-turn by incoming German Chancellor Merz will mean more spending on defence and infrastructure.
Pre-election nerves or is it a bout of the ‘cheese sweats'?
As we approach the US election, we look for opportunities to buy (or sell) extremes in price action, thinking that moves could subsequently reverse.
Fight or flight?
In the week of Trump’s return, risk assets remained trading relatively well, with fears of greater economic disruption from tariffs not yet realised.
A White House comeback: our US fixed income perspective
The scale of the Republican win has taken markets by surprise. We look at potential regulatory changes, Europe’s reaction and Trump tariffs on China.
Indonesia: a long-term growth story
Despite recent stock market falls and policy uncertainty, our EM Equity team believes the Indonesia equity story is a favourable one.
Monetising macro volatility in Trump 2.0
As a macro investor, Russel Matthews seeks to identify the best opportunities regardless of market backdrop. He shares his views on the year ahead.
5-D chess
Recent newsflow shows why the Fed can’t get pulled into a guessing game of the economy’s direction, based on survey indicators & policy announcements.
Summertime optimism, before the start of a new season
Trump has shown how a dominant economy can effectively win a trade war versus lesser economies, even if the net result is detrimental to global GDP.
Milton versus Dante
The Middle East remains on a knife edge as Israel pushes into south Lebanon while, in the US, attention has been more focused on hurricane Milton.
The last (paper) straw?
Despite noise from overseas and from many prominent figures in the US, it’s striking that Trump is enjoying a strong approval rating from voters.
Shifting Strategies: How institutions are embracing fixed income hedge funds
Europe feeling ghosted by its former best friend
US pushes for Ukraine peace, exposing EU's military reliance on Washington, prompting urgent defence spending discussions.
Trump Slump!
The past week has seen no end to pronouncements around policy from Trump and his team, with fears of an escalating trade war unnerving investors.
Chain reactions
We are left considering the chain reaction of events this week, which may be triggered by changes and upheaval in policy, and in geopolitical circles.
Some lies with that??
It’s not just about US politics! Underlying economic developments are continuing to drive price action, with US growth exceptionalism a key theme.
Donald Musk the Doge
For all the economic positives a Trump political agenda may bring, we’re sure there will be bumps ahead, and especially with regard to new appointees.
Another week, another deadline
The passage of the ‘big, beautiful bill’ is viewed as growth supportive into 2026. However, we expect to see some softer data prints over the summer.
European bond markets: five musings from January
As we reach month end, Neil Mehta, Portfolio Manager, provides small pieces that make up the big picture in European macro and fixed income markets.
Navigating uncertainty in emerging markets equities
With trade uncertainty ongoing, we discuss intra-EM trade and key regions and countries in the EM equities universe – China, India and Latin America.
For fixed income investors, the election outcome really matters this time
Answers to common questions on how the upcoming US election may impact fixed income investors and the differences between a Trump and Harris win.
Ishiba bows down as Trump rides high
It seems that the world has bowed to US pressure on trade, with the US administration playing its hand relatively effectively.
Quality headwinds
We discuss ‘quality’ investing and what long-term equity investors should do in the face of such stylistically unfavourable environments.
Our commitments
We participate in RI industry initiatives that work to increase transparency, protect investors, and foster fair and efficient capital markets.
Tax man cryin'. Rayner smilin'
What are the implications of any US Supreme Court ruling on US tariffs and the firing of Fed governor Lisa Cook?
Over-Cooked?
Trump’s firing of Fed governor Lisa Cook was the big news of the week, while in France, Bayrou made a decision to call for a Vote of Confidence.
Clockwork Orange
US election fever continues to build, as November approaches. Momentum is with Trump and it’s unclear what can shift it back to the Democrats.
TACO Trump is likely to fight back
At a time when market direction is less certain, it strikes us that curve trades offer a better potential reward than duration trades at this point.
Joy, despair and the road in between
US policy uncertainty is making it difficult to implement medium-term plans, and this is weighing on business confidence and hindering investment.
Who will be left to milk the cows?
US tariff talk on Canada, Mexico and China made headlines this week, while in France, Le Pen threatened a no-confidence vote in Barnier’s government.
Don't be fooled by the calm on the surface
We believe Israel’s missile strikes aim to apply pressure on Iran towards a nuclear deal and an escalation to a wider Middle East war is unlikely.
Swiss cheesed
The case for more material US rate cuts through 2026 rests more on a perceived dovish pivot in US monetary policy, under a new Fed Chair.
Polina’s Perspective: a pimple soup experience in China
The menu of investment opportunities in China needs close evaluation and a longer-term horizon but with careful selection, appetites can be satisfied.
The Second Coming….(minus Armageddon one hopes!)
Market volatility is subsiding but uncertainty in policy and politics will continue when Washington returns from recess at the start of next year.
Overreach?
At a time of economic uncertainty, one thing we can continue to be confident about is that this new regime of political volatility is here to stay.
