The planned issue of billions of euros in subordinated bonds by Europe’s major banks was a hotly debated topic at Expert Investor Italy this week in Milan. The majority of investors from bond-prone Italy look favourable at this relatively new asset class, but speakers’ opinions were mixed.
Appetite for high yield bonds is at its strongest for almost three years: some 40% of the fund selectors our researcher met on his trip to Madrid earlier this spring will up their exposure while only 10% are going to sell. The comeback of high yield is all the remarkable considering appetite was at an […]
European investors pulled 5.3bn out of high yield funds in September, while they propped up their holdings in investment grade corporate bonds and long/short debt.