Daily Archives: August 11, 2017

Big European asset managers wary about high-yield bonds

Big European asset managers wary about high-yield bonds

Large money managers in Europe — including Deutsche Asset Management, BlackRock and JPMorgan Asset Management — are bracing for the two-year bull run in the region’s high-yield bonds to reverse. “We could be in for a prolonged period of readjustment as European fixed-income investors adjust to a world where the ECB is tightening monetary policy,” said Alex Dryden, a strategist at JPMorgan Asset Management.

Bloomberg (8/4