Europe will resemble Japan within a decade, warns Invesco bond manager
While credit spreads still offer a good cushion above where sovereign bonds trade, at some point the cycle will turn against high yield, says fund manager from the large US asset manager. He expects the current asset reallocation from equity into fixed income to continue in 2020.
BY REETA ILONA PAAKKINEN
Europe's economy will follow that of Japan in the coming five to ten years, says Lyndon Man, who is global co-head of investment grade bonds at US-headquartered asset manager Invesco.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
