Is now the time to snap up Greek debt?

London-based investment manager Exotix - the emerging and frontier markets specialist - is urging clients to buy into Greek debt and the country's stock market before it reaches a deal with creditors.

Greece and its bondholders have so far failed to agree to reduce the existing debt to help Greece avoid bankruptcy,  with no resolution over what scale of haircut Greek debtholders should take. The stand-off has continued to weigh on markets, while bond yields on Greek debt have remained at extreme levels, as the debate drags on about how to keep Greece within the eurozone. However, Exotix said the current situation presents a compelling, if somewhat risky, investment opportunity. Peter Bartlett, managing director of Exotix, said investors should be looking at both Greek bonds and ...