Wells Fargo AM launches European IG credit fund amid challenging outlook
Wells Fargo Asset Management isn’t afraid of a challenge. It has launched a European investment grade credit fund.
Investment Grade
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Investors switch from high-yield to IG credit
US and UK corporate bonds were in great demand among European investors in March while high-yield bond funds saw outflows, according to Morningstar fund flows data.
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The ECB’s corporate bond buying – a double-edged sword
The decision by the ECB to include investment-grade corporate bonds in its asset purchasing programme has led to a spike in issuance and to yields edging even lower. While this market response was anticipated by the central bank, its stimulus efforts threaten the viability of the asset class in the longer term .