EM Equities A Good Substitute For Bonds?

Finding bonds with attractive yields in both the high-yield and investment-grade space, and attractively priced equities with ‘bond like’ qualities is becoming an increasingly difficult task for investors (this is similar to a theme Morgan Stanley recently expressed). Yields across the board have plunged since Brexit with $1 trillion in bonds falling into negative yielding territory in the week following the June 24 referendum. Europe’s Credit Markets React To Brexit – $11 Trillion Of Negative Yield Equity analysts at Bank of America believe that the world has now finally accepted that low-interest rates are here to stay, in this slow…