Investors flock to low-risk bonds
Morningstars December fund flows exposed an appetite gap between investment grade bonds and higher yielding, riskier bonds.
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Morningstars December fund flows exposed an appetite gap between investment grade bonds and higher yielding, riskier bonds.
According to the latest data gathered by EIE, Pan-European net sentiment (buyers minus sellers) is converging in the direction of zero for all bonds.
European investors have suddenly started to pour in money into corporate bonds in June, while net inflows into high yield bond funds collapsed.
Flows into European equity funds are the lowest they have been for almost a year.