Shows / All the Capital
All the Capital
Markets move. Industries evolve. Capital follows. This is All the Capital, a new podcast from PGIM. Hosted by Keshav Rajagopalan, each month listeners will be taken inside the industries shaping investment opportunity today. Through conversations with PGIM's investors and industry experts, each episode explores the trends, innovations, and competitive dynamics transforming different sectors.
Episodes
All the CapitalBeyond the Barrel: Capital, Constraints, and Energy Opportunities
The oil and gas sector has experienced multiple demand and supply shocks, from the pandemic to conflicts in Ukraine and Iran. These shocks carry implications…
All the CapitalBridging the Capital Gap: Positioning for Expanding Infrastructure Opportunities
Infrastructure needs are growing as aging transportation networks, energy-security investments and the digital transformation of the global economy increase…
All the CapitalAll the Capital Trailer
Every investment decision begins with a debate. Which risks matter most? Which opportunities are being overlooked? What assumptions deserve a second look? All…
All the CapitalCredit Markets in Transition: Public–Private Credit Portfolios
Private credit has grown rapidly over the past decade, prompting many investors to revisit how public and private credit can work together in modern…
All the CapitalCredit Markets in Transition: Asset-Based Finance Part II
Private asset-based finance (ABF) is the catch-all of credit markets—a diverse and complex segment offering a wide range of investment opportunities. In this…
All the CapitalFrom Buyers to Builders: Assessing the U.S. Housing Market
As the post-COVID boom in housing activity transitions toward more normalized market conditions, PGIM assesses the state of the U.S. housing market. Hear our…
All the CapitalCentral Banks: Can Independence Prevail?
An independent central bank is the key to providing credibility to its monetary policy choices; credibility which anchors inflation expectations and allows a…
All the CapitalCredit Markets in Transition: Systematic Strategies
In today's dynamic investment landscape, systematic investing in fixed income markets is gaining prominence by blending fundamental insights with rule-based…
All the CapitalMacro Shocks and Market Shifts
In this episode of All the Credit®, we explore the catalysts of recent market turbulence and outline the challenges posed to fixed income investors. With a…
All the CapitalCredit Markets in Transition: The Evolution of Liability Management
In this episode of All the Credit®, Credit Markets in Transition, we explore the evolving role of liability management in global credit markets and how they're…
All the CapitalCredit Markets in Transition: Liability-Driven Investing, A Multi-Sector Approach
Shifts in interest rates have thrust Liability-Driven Investing (LDI) into the spotlight, reshaping pension plan liabilities and presenting new de-risking…
All the CapitalCredit Markets in Transition: Asset-Based Finance
Asset-based finance (ABF) has grown in popularity as an attractive alternative to traditional direct lending and its turning heads with those looking to…
All the CapitalChina: Projections for 2025
Amid global complexities, China's economic outlook presents both challenges and opportunities that are crucial to investment considerations. In this episode of…
All the CapitalHigh Voltage: Exploring Developments Across the U.S. Electric Grid
Accelerating demand growth for U.S. power has wide ranging investment implications. In this episode of All the Credit®, we explore the complexities surrounding…
All the CapitalCrude Realities: Analyzing the Outlook for Oil and Energy Markets
What challenges and opportunities lie ahead for oil markets amid looming oversupply and fluctuating demand? In this episode of All the Credit®, we delve into…
All the CapitalRecent Global Elections—from the Ballot Box to Fiscal Policy
As the geopolitical landscape continues to shift in light of recent global election results, the consequential economic effects are becoming a primary focus in…
All the CapitalInflation Shifts and the Bond Market Response
Amid global market volatility and potential economic shifts, understanding inflation's impact on bond markets is pivotal for informed investing. This episode…
All the CapitalThe Business of Bonds with PGIM Fixed Income's Co-CIO
Bonds are back and with fixed income gaining interest with investors, we're taking an introspective look at our investment process and how we're navigating…
All the CapitalMapping Geopolitics in Emerging Markets
Navigating the volatile landscape of geopolitics and its implications on emerging markets has become critical in this uncertain economic climate. In this…
All the CapitalDeconstructing Commercial Real Estate
With significant repricing across all commercial real estate (CRE) sectors, normalizing rent growth, and rising expenses, it's time to revisit and reassess the…
All the CapitalPulse Check on U.S. Interest Rates
Despite fluctuating post-pandemic interest rates, the U.S. economy has shown unexpected resilience. Contrary to predictions of a possible recession the U.S…
All the CapitalInsurance in an Inflationary Age
In the current climate of rising premiums and inflationary pressures, the insurance industry faces significant challenges. In this episode of All the Credit®…
All the CapitalHoliday Indigestion: The Investment Implications of GLP-1s
In recent months, GLP-1 drugs have been thrust into the spotlight, amplified by increased media attention and several headline-grabbing comments from large…
All the CapitalRealities in Rates
Rates have sharply increased in the past 18 months and at PGIM Fixed Income, we anticipate they will remain elevated. In this episode of All the Credit®, Brian…
All the CapitalValue Through Headwinds: What's Next for European Banks?
While U.S. money center banks have emerged as an attractive subsegment of the U.S. investment grade corporate market, European banks face unique challenges…
All the CapitalFrom Low Ranger to High Plains Drifter
Investors could be pardoned if they have whiplash, but the fact is that interest rates go through paradigm shifts. Indeed, they just migrated from a decade of…
All the CapitalView from the Top: Opportunities in High-Quality Credit
With our macro base case calling for below trend, but positive growth and elevated inflation, we see a fairly healthy environment for credit and credit returns…
All the CapitalBrews and Bulls: Exploring Big Brewers
Amid the dog days of summer, we're serving up the latest episode of All the Credit® on an industry that produces the alcoholic beverage of choice for a large…
All the CapitalQuantitative Tightening: Unwinding Central Bank Balance Sheets
Quantitative tightening (QT), the unwinding of the large scale of purchases of a broad range of financial assets by central banks, has become a feature of…
All the CapitalBreaking the Bank?: Weighing Looming Risks in the Commercial Property Sector
Just a few months ago, the market was confident that post global financial crisis, financial sector reforms, and regulatory scrutiny ensured that the U.S…
All the CapitalDown to the Wire: Daleep Singh examines the U.S. debt-ceiling crisis, potential outcomes, and probabilities
With "x-date" looming, concerns about a potential default are weighing on financial markets and the global economy. As the nation's solvency hangs in the…
All the CapitalOutlook on China—Discussing the Re-Opening, Growth Forecast, and More
After years of strict COVID lockdowns, China's domestic consumer economy is rapidly re-opening. Meanwhile, global manufacturing—normally an area of Chinese…
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Spotlight on the 2023 Banking Crisis
Recent global banking failures shook investors and markets alike, leaving many wondering if we're witnessing a repeat of the 2008 global financial crisis. In…
All the CapitalNavigating Default Lines
A confluence of higher debt levels, tightening central bank policies, and weakening growth are raising red flags around borrower credit quality as signs of…
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Hitting Home: The State of the Residential Real Estate Market
The residential real estate market directly or indirectly impacts everyone. After all, everyone is born short a house. Home prices and construction activity…
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Supply Chain Strain Reframe
Earlier this year, PGIM Fixed Income developed an inflation indicator tool that uses various economic variables to segregate the supply factors that explain…
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The Bonds are Back in Town: How the Pandemic has changed the "low for long" into a strategic buying opportunity in bonds?
For the first time in decades, long-term interest rates have broken out of their steady downtrend with recent spikes. Is this a temporary irregularity? Or has…
All the CapitalWhat's Next for the Global Economy and the Fixed Income Market? A Discussion with Greg Peters and Daleep Singh
On this special edition of All the Credit®, Mike Collins hands the mic to PGIM Fixed Income's Co-Chief Investment Officer, Greg Peters, and newly appointed…
All the CapitalCollege Credit: Analyzing Changes in Student Loans and the ABS Market
With the recent announcement of a major student loan forgiveness program in the U.S., we dissect the program and its implications for fixed income investors…
All the CapitalPowering Through: An Update on Europe's Energy Strategy
In a prior episode, we examined the broad economic implications of the European energy crisis as a result of Russia's invasion of Ukraine and the related…
All the CapitalAbundant Long Term Opportunities in Active Fixed Income
After a challenging first half of the year for fixed income, we see reason for optimism ahead for a variety of sectors. PGIM Fixed Income Multi-sector…
All the CapitalKaleidoscopic Credit: Searching for Clarity in an Atypical Credit Cycle
The current, compressed, and rapidly changing credit cycle, which has experienced dramatic swings in economics, policy, inflation, and corporate fundamentals…
All the CapitalRedefining and Realigning the 60/40 Portfolio
Although the traditional asset allocation portfolio mix of 60% stocks and 40% bonds has been a widely adopted investment approach that has spanned decades, a…
All the CapitalPowering Down: Russian Energy's Impact on European and Global Growth, Inflation, and Policy
The global impacts of Russia's invasion of Ukraine are wide-ranging and include the global energy industry amidst the varied reliance on Russian oil and gas by…
All the CapitalOpportunities in taxable and tax-exempt bonds: Ports in the storm?
Credit fundamentals across most municipal bond issuers have improved markedly and may be more immune from some of the recent geopolitical events in eastern…
All the CapitalSecuritized Products: The Evolution of an Asset Class
Securitized products, sometimes referred to as structured products or, more generically, asset-backed securities, has—more recently—experienced dramatic growth…
All the CapitalWhat's in Store for 2022? A Discussion with PGIM Fixed Income's New Co-CIOs
Despite the wildly unique ride that was 2021, which saw a boom in economic growth in most countries, a global inflation surge, and COVID's constant and…
All the CapitalThe Path Forward: The ESG-focus Post-COP26
The 26th annual UN Climate Change Conference (COP26) fell short of our expectations and left ESG-focused investors with more considerations than ever before…
All the CapitalGlobal Banks: Do Solid Fundamentals Mask Existential Threats from Digital Currencies and Technology?
In this episode of All The Credit, PGIM Fixed Income's panel discusses the latest emerging trends in the global banking sector, which include the rapidly…
All the CapitalEmerging Market Debt: Glass Half Empty or Half Full?
Episode 20 of All The Credit® covers the current topics impacting emerging markets– idiosyncratic issues, the unique inflationary challenges facing EM nations…
All the CapitalNavigating the Ups and Downs of the Global Credit Cycle
With approximately 100 years of investment experience across the three-member panel, this episode of All The Credit delves into the nuances of the current…
All the CapitalMaking Sense of the Booms and Busts in Global Real Estate
In this episode of All The Credit, a panel of senior investment professionals from PGIM Fixed Income and PGIM Real Estate explore if there's a housing bubble…
All the CapitalThe Persistence of Supply-Side Constraints and Their Impact on Inflation
With inflation rising, shortages of key goods due to rising demand, and disruptions abound in the global supply chain, PGIM Fixed Income's All The Credit…
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Exploring China's Economic Maturation, International Relations, and Debt Dynamics
Hear from PGIM Fixed Income's Lead Economist for Asia Gerwin Bell, PhD, and EMD Portfolio Manager Johnny Mak as they take a deep dive into all things China…
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Corporate Fundamentals and Sector Winners and Losers as The Golden Age of Credit Evolves
This episode of PGIM Fixed Income's podcast All The Credit provides listeners with, quite literally, a view of all the credit. From corporate fundamentals to…
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Asset Allocation in Today's Markets - Exploring Alternatives
With trillions of dollars in negative yielding debt around the world, money market rates pegged at zero, and relatively tight credit spreads, recent surveys of…
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Investing Through the Arc of the COVID Recovery
In this episode of All The Credit, Mike Collins welcomes Chief Economist Nathan Sheets and Chief Investment Strategist Robert Tipp for an analysis of the…
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Assessing European Leveraged Finance Opportunities with PGIM Fixed Income
In this episode of All The Credit, Senior Portfolio Manager and Host Mike Collins welcomes two of our London-based colleagues to discuss what makes the…
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Opportunities in the Municipal Bond Market—Where Politics, Public Services, and Investments Collide
All The Credit host Mike Collins speaks with PGIM Fixed Income's Municipal Bond Team on our final episode of 2020. Episode 11 features Susan Courtney, Head of…
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What Could A Biden Presidency and Divided Government Mean for Investors? Post-Election Views from PGIM Fixed Income
PGIM Fixed Income's Senior Portfolio Manager and All The Credit host Mike Collins welcomes two guests who possess unique insights into the U.S. political…