It has been a while since we last uploaded a video from one of our U.S. research trips. Richard and I recently travelled to New York to meet with various local analysts and strategists. The timing of the trip could not have been better: the Federal Reserve needs to decide whether and how to continue its rate hiking cycle and event risk in the economy is high. We had the opportunity to discuss a wide range of topics from current state of the U.S. labour market to the looming US presidential elections to corporate bond valuations. We’ve put together two short videos to share some of our thoughts on these various topics.
In the first part of the video which we post today, I review some of the key risks and opportunities within US investment grade healthcare space. Despite favourable long-term prospects for the sector, corporate bond investors continue to face certain risks. Richard will subsequently address the state of the U.S. economy in the second part of our video.