Marc Stacey joins us on the BlueBay Insights podcast to discuss the fundamentals, supply dynamics and banking sector changes that are lining up to form a compelling case for European bank capital.

We asked Marc:

1. What are coco bonds and what can they offer investors?
2. The evolution of banking regulation has a huge influence on the investment case for cocos – do you think future changes will be positive or negative for the asset class?
3. We’ve seen cocos go from zero to become an asset class worth over USD200 billion in just five years. What does this rapid growth mean in terms of bond supply?
4. We’re hearing investors becoming nervy about buying into cocos for fear they’ve missed the top of the market – do you think this is a valid concern or is there more upside to come?
5. How are you looking to capture these alpha opportunities through 2020?
6. What are the three main risks currently on your investment horizon?
7. What are the key differences between European AT1s and US preference shares (prefs)?
8. We’re seeing ESG factors influence all asset classes across the bond universe – what are the key points to note in the cocos market and how do you integrate ESG factors when you invest?