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 . . .
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