Credit Market: 2024 Outlook and Opportunities

Why our credit team believes a flexible, active approach is vital to achieve favorable investment outcomes across public and private markets

In this webinar, portfolio managers Dave Breazzano, Head of Team, and Rick Richert, CLOs, discuss the outlook for the credit market in 2024 as well as opportunities they see across different market segments.  

Webinar Chapters

  • 1:00 - Current state of the credit market
  • 6:10 - Default and yield rates
  • 9:23 - Opportunities in the marketplace
  • 15:05 - Energy sector outlook
  • 17:05 - Current credit spreads
  • 20:55 - Public vs. private credit
  • 28:34 - Syndicated loan space and opportunities in the CLO market
  • 37:00 - Perceived risk in the high yield market
  • 51:05 - Importance of a core allocation to loans
  • 52:22 - Private credit funds and how they mark value of their positions
  • 55:46 - Why we are excited about credit

Spreads are tight by historical standards, and it causes us to be extremely careful in our credit selection because there is less room for error. It is our job to make sure we pick credits that 
will pay us back.

Dave Breazzano
Head of Team, Portfolio Manager

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Important Disclosures

This is being provided for informational purposes only. Opinions and views expressed constitute the judgment of Polen Capital as of March 2024 may involve a number of assumptions and estimates which are not guaranteed, and are subject to change without notice. Although the information and any opinions or views given have been obtained from or based on sources believed to be reliable, no warranty or representation is made as to their correctness, completeness, or accuracy. Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice, including any forward-looking estimates or statements which are based on certain expectations and assumptions. The views and strategies described may not be suitable for all clients. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations. This document does not identify all the risks (direct or indirect) or other considerations which might be material when entering any financial transaction.

Past performance is not indicative of future results and profitable results cannot be guaranteed. This information should not be construed as a recommendation to purchase, hold, or sell any particular security. Specific securities described may or may not be held in portfolios managed by Polen Capital. There is no assurance that any securities discussed herein will be in the portfolio at the time you review this video or that any securities sold have not been repurchased. The securities discussed do not necessarily represent the entire portfolio. It should not be assumed that any of the securities, transactions or holdings discussed were or will prove to be profitable or that any investment recommendations we make in the future will equal the investment performance of the securities discussed herein. For a complete list of Polen Capital’s past specific recommendations for the last year, please contact [email protected]