Investing in fixed income: Where to be cautious and where to buy
George Efstathopoulos of Fidelity International
As multi-asset investors focused on income generation, we do not think going against global central banks is prudent, and until we see a meaningful turnaround in economic data, our preference for adding to risk is likely to remain for debt over equity securities which we have continued to reduce our exposure to.
We are still seeing attractive valuations in credit markets despite policy-driven spread tightening in recent months, even in corporates with strong balance sheets and cashflows in the US markets. However,...
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