How Zurich and Alecta are coping with pricey credit
The CIO of Swiss insurer Zurich and CEO of Swedish pension fund Alecta flag their growing corporate debt concerns and outline their response strategies.
There’s plenty of evidence to suggest investors should be avoiding corporate bonds. Not only are prices are at record highs (and yields at, or near, record lows) but global economic growth is slowing and ultra-low interest rates look unlikely to rise any time soon.
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