Podcasts

Tariff Wars: Credit Opportunities Amidst the Stagflationary Shock?

Jonathan Davis, GEM Fixed Income Client Portfolio Manager, and Alfonso de la Torre, Sovereigns Analyst in the Global Sovereigns and Economics Team, discuss recent developments in the tariff wars.

07/04/2025

Listen to "PineBridge Investments" on Spreaker.
Key takeaways: 1. Stagflationary Shock. Tariffs act like oil price shocks, reducing productive capacity and eroding incomes. 2. Varied Impact. The effect of US tariffs varies widely across countries and sectors, making credit selection crucial. 3. Credit Opportunities. Value in credit lies in a sector-by-sector and country-by-country approach, especially in an uncertain global environment. Tune in to our podcast for an in-depth discussion of how these dynamics are shaping international trade.

Speakers

Jonathan Davis, Client Portfolio Manager and Sustainable Investment Strategist – Emerging Markets Fixed Income: Mr. Davis joined the firm in 2015 and is a Senior Vice President, Client Portfolio Manager and Sustainable Investment Strategist in PineBridge Investments’ Emerging Markets Fixed Income team. He is responsible for providing ongoing support to our clients and assisting with business development efforts for the team. He is also responsible for strategic implementation of sustainability across the EM Fixed Income platform, helping develop solutions to meet the sustainability needs of clients and requirements of regulators. He received a BA from the University of Virginia and an MBA in Finance from New York University.
Alfonso de la Torre, Sovereign Analyst, Emerging Markets Fixed Income: Mr. de la Torre is Senior Vice President in the Global Sovereigns and Economics team and is responsible for fixed income research across emerging markets, focusing on Latin American sovereigns, alongside fundamental macro research. Mr. de la Torre joined PineBridge from Nomura, where he was Vice President for Sovereign and Country Risk. Mr. de la Torre holds a bachelor’s degree from St. Mary’s University and a master’s degree from Harvard University.
These podcasts are provided for information purposes only. They are not intended to be advice and Trustees should always seek advice as appropriate.
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