More of our insights
As private credit grows, underwriting standards remain healthy
Lenders requiring more equity and less leverage, suggesting healthy private credit lending standards.
![Column chart depicting 2022, 2023 and 2024 lending requirements, showing lenders required more equity in deals and less earnings leverage over the past three years. The percentage of deals requiring greater than 45% equity in deals went from 25% in 2022, 49% in 2023 and 55% in Q1 2024. Earnings leverage requirements of 6x or lower increased from 18% in 2022, 54% in 2023 to to 55% in 2024.](https://fsinvestments.com/wp-content/uploads/2024/05/COTW_2024-05-10_thumbnail-247px.jpg?w=250&h=150&crop=1)
The diversification dilemma
Traditional diversifiers are offering little to no reliable downside protection. Low-correlated alternative investments may provide a solution.
![](https://fsinvestments.com/wp-content/uploads/2024/05/Diversification-dilemma-img_2x_insights_1442x1004.jpg?w=250&h=150&crop=1)
As advisors redeploy cash, alternatives are in focus
Advisors expect to reduce their clients’ cash allocations this year. Alternatives, multi-asset and real asset investments are among the major beneficiaries.
![Column chart showing where advisors plan to redeploy cash, highlighting multi-asset, alternatives and real asset investments as key beneficiaries.](https://fsinvestments.com/wp-content/uploads/2024/05/COTW_2024-05-02_thumbnail-247px.jpg?w=250&h=150&crop=1)
Q2 2024 3D Report: Prett-ay, prett-ay, prett-ay good
Ask an investor how they’re feeling and they’re likely to echo the wary positivity of Larry David’s famous line on “Curb Your Enthusiasm”—“prett-ay, prett-ay, prett-ay good.”
![](https://fsinvestments.com/wp-content/uploads/2023/11/3D-Report-img_2xInsights_1442x1004.jpg?w=250&h=150&crop=1)
The Takeaway with Troy Gayeski: Putting cash to work
Chief Market Strategist Troy Gayeski shares the latest in economic trends and market strategy, including why (and how) he’s redeploying cash.
![](https://fsinvestments.com/wp-content/uploads/2024/05/The-Takeaway_img_2xInsights_1442x1004.jpg?w=250&h=150&crop=1)
Flat returns for core fixed income over five years
The Agg’s returns are flat since April 2019. Persistent inflation amid firm growth provides a challenging outlook for core fixed income.
![Line chart showing the Agg generated a flat return since April 2019 as it was whipsawed by a volatile rate environment. Recent inflation data could portend further challenges.](https://fsinvestments.com/wp-content/uploads/2024/04/Image20240502130505.jpg?w=250&h=150&crop=1)