Phil Strano, Head of Australian Credit Research, Yarra Capital Management | With volatility in equity markets, investors are rethinking their portfolio positioning. Phil discusses the role Australian multi-sector credit can play in achieving outperformance, the key dynamics driving tailwinds in the asset class and why investors should consider it as a great diversifier to Australian private credit, which has experienced rapid growth in recent years.
Listen to the full interview which covers:
- How are interest rates and the recent tariff shocks impacting the relative value of Australian credit compared to offshore markets?
- Given the exponential growth in Australian private credit, what are the key risks investors need to consider?
- With investment-grade (IG) credit yields now offering returns comparable to long-term equity returns, how should investors think about balancing credit and equity allocations in the current environment?
- Why are multi-sector credit strategies considered optimal for achieving higher risk-adjusted returns, and what advantages do Australian credit markets specifically offer?
- As global equity valuations remain elevated and government bond curves steepen, what role does Australian investment-grade credit play in building a resilient portfolio?
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