Risks remain, including the danger of an economic hard landing in the US
Jed Laskowitz, a chief investment officer at JPMorgan Asset Management , is bullish on high-grade corporate bonds to ride out a global storm after bank failures on both sides of the Atlantic.
In what is probably the largest allocation ever in his multi-asset portfolios, he is overweight on investment-grade credit, a position funded mostly from cash, Laskowitz said. It offers returns “in a world where growth remains slow and earnings in the US are uncertain”, he said...
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