2024 Elections
Insights and Impacts

The NDA has retained power with a reduced majority, sparking concerns over potential policy shifts, but we remain cautiously optimistic.

India's recently concluded election saw the National Democratic Alliance (NDA) retain power, but with a significantly reduced majority. The narrow win, with the Prime Minister Narendra Modi’s Bhartiya Janta Party (BJP) losing its standalone majority, was a surprise to most observers, given expectations of a strong performance by the incumbent government. For longtime India watchers, a return to coalition politics is probably a cause ...

The new U.K. government’s manifesto contains a number of policies that are likely to support some sectors within the European high yield universe.

The Labour Party’s electoral victory has placed it in a strong position to implement policy priorities. And while one may debate the overall impact on the economy and markets, we believe that some ideas could have a positive effect on various segments of the European high yield market.

Let’s start with housing. The government is hoping to support the construction of 1.5 million new homes within the next five years, implying ...

Despite strong performances by right-leaning and Euroskeptic parties, we don’t expect the results will significantly hinder the EU’s transition to net zero.

Europe’s election season has been full of surprises: This year’s European Parliament elections have sent unprecedented shockwaves across Brussels and EU Member States, and the relatively poor performance of ruling parties in Germany and France has left the legitimacy of both governments hanging by a thread, culminating in a historic snap election in France that could render the country ungovernable ...