Credit markets have been remarkably steady this year and enter Q4 on solid footing. This tight spread environment presents challenges, but the largest risks we see lie outside credit markets.

Q4 is set to cap a banner year for commercial real estate as the market moves into a new expansion

Our fast-moving recovery is steering into headwinds from policy, global growth uncertainty and pandemic-related supply disruptions. With valuations high across the board, markets enter Q4 with healthy growth, but waning tailwinds.

Periods of mean reversion have always been a positive for the Global Allocation space. Read more about why we believe one such period is arriving and the opportunities we see in the global financial markets.

The team assesses the drivers of an ongoing recalibration in the CRE market, points to areas of opportunity amid economic uncertainty and more.

We examine the bright spots across the real estate market in a more challenging macro environment.

Our research team recaps what has happened in credit this year, and how market volatility could impact key sectors in the coming months.