M&G Europe's chief investment officer Theo Zemek is tipping continental high yield bonds as due for ...
M&G Europe's chief investment officer Theo Zemek is tipping continental high yield bonds as due for a re-rating. European high yield bonds, she said, had a particularly tough year with valuations falling to very low levels but the time was now ripe for recovery. Corporate bond issuance will also remain high, Zemek predicted, with the market being underpinned by both retail and institutional investors. While M&G sees the outlook for fixed interest as good, it also foresees a massive shift away from bonds and cash and into equities by European investors. Zemek said: 'There is a growing ...
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