Pictet doesn't believe in the great rotation
Investors are still buying high-yield and EM sovereign and corporate debt, at the expense of developed-market investment-grade bonds, notes the Swiss fund house.
Fund house Pictet argues that certain fixed income investments remain attractive and says it is seeing flows continue into less mainstream and higher-yielding credit and debt. It also stresses the importance of reconsidering one's approach to developed- versus emerging-market debt.
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