In this phase of the pandemic-driven credit cycle, while market-timing investors are still in the “bargaining” or “denial” phases of processing the pandemic, we are sorting out what we believe are the long-term winners, many of which still offer compelling credit value. Read on in our BBH Limited Duration Fund and BBH Income Fund updates.
Hyper-partisan politics which threatens a state aid package and an upcoming presidential election only add to the existing economic uncertainties. Despite these challenges, we believe that the vast majority of Municipal issuers have the flexibility and resources available to see them through to the other side of the pandemic. Read on in our BBH Intermediate Municipal Bond Fund update.
Management commentary remains generally cautious with respect to the economic outlook and most companies are maintaining a tight rein on operating costs. Despite near-term uncertainty, we are pleased that many of our portfolio companies continue to invest behind their long-term competitive advantages. Read on in our BBH Global Core Select Fund update.
Continuing progress towards economic normalization following the COVID-19 lockdown and recession has cheered investors in recent months, even as the risk of resurgence and the timing of broadly-available rapid diagnostics and preventive treatments remain uncertain. Read on in our BBH Select Series – Large Cap Fund update.