Defensive credits in Europe are likely to survive the recessionary economic cycle, said Jupiter Asset Management.
Understanding credit risk is the key to managing a high yield euro bond fund, according to Neuberger Berman’s Vivek Bommi.
With interest rates rising, Joseph Larkin, director of business development and client service in Asia-Pacific for Legg Mason affiliate Brandywine Global, discusses positioning in global fixed income.
Brexit will likely be ‘softer’ than previously thought, UK bonds are cheap, and the firm’s global credit income fund has 20% invested in sterling denominated bonds, according to credit portfolio manager Michael Scott.
Following strong performance in 2017, European high yield bonds will be less attractive in 2018 due to high valuation and liquidity risk, argues David Gaud, CIO of Pictet Wealth Management.
Political risk in Europe is short-lived and presents a buying opportunity for European high yield credit, according to Craig Ellinger, UBS Asset Management’s Chicago-based global head of high yield.
In a video interview, Pierre-Amaury Tabarly, investment specialist at BNP Paribas Investment Partners, says that a good play on Europe’s recovery is through small cap investment.