Aug
03

Big Investors Losing Faith in Europe’s ECB-Fuelled Junk Rally

By
  • Deutsche AM reduces holdings in multi-asset portfolios
  • Yields are no longer compensating for risks: JPMorgan

Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt.

Deutsche Asset Management has reduced holdings of European junk bonds in its 100 billion euro ($106 billion) multi-asset portfolios, BlackRock Inc. says risks for European credit are tilted to the downside, and JPMorgan Asset Management says investors should brace for a tough second half…

Big Investors Losing Faith in Europe’s ECB-Fuelled Junk Rally

Share
Categories : Finance

Leave a Reply

You must be logged in to post a comment.