2024 alternative credit insights: Taking center stage

Investors were reminded of the growing importance of alternative credit in portfolios during the interest rate run-up — and accompanying market volatility — that began in early 2022. Of note, Nuveen’s 2023 institutional investor survey showed that nearly 50% of investors were revisiting traditional and/ or opportunistic fixed income for yield and over 40% were planning to increase allocations to alternative credit.

While equities and bonds staged a recovery in 2023, alternative credit continues to demonstrate its value as an important source of diversification and resilience in investor portfolios.