Asset allocation is at least as important as individual share selection. So where should you be putting your money? Here’s our monthly take on the major asset classes.
The dash for anything
“It’s not just a ‘dash for trash’ – it’s a dash for anything.” That’s how Michael Collins, a credit strategist for Prudential Fixed Income, describes the frenzy for yield that has prompted investors to rush in to risky corporate debt, or junk bonds, in recent years. As prices have soared, junk yields have fallen to mid-single digit levels – levels that in the pre-crisis era would [...]
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