Aug

Big Investors Losing Faith in Europe’s ECB-Fuelled Junk Rally

Deutsche AM reduces holdings in multi-asset portfolios
Yields are no longer compensating for risks: JPMorgan

Some of Europe’s biggest money managers are getting ready for a turnaround in the two-year bull run of the continent’s riskiest corporate debt.

Deutsche Asset Management has reduced holdings of European junk bonds in its 100 billion euro ($106 billion) multi-asset portfolios, BlackRock Inc. says risks for European credit are tilted to the downside, and JPMorgan Asset Management says investors should brace for a tough second half…

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Big Investors Losing Faith in Europe’s ECB-Fuelled Junk Rally

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