AMWatch

Drop this asset class, says CIO at Danske Bank Wealth Management

There is one specific sector that investors should steer clear of in the present environment, according to the chief investment officer of Danske Bank's Wealth Management division.

The asset class to avoid right now is US high yield, Danske Wealth Management’s Chief Investment Officer Anders Svennesen tells Citywire Selector.

When the professional investor news service asked him about his latest allocation changes, he described the US high-yield sector as generally too expensive. Current prices simply do not compensate buyers for the underlying default risk in US corporates, according to the CIO.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Evli's new fund aims for EUR 300m portfolio

Finland's net rental yield is at an attractive level even by international standards, and international investors have noticed this over the past five years, says Tero Tuominen, who heads the Evli Residential II fund.

Further reading

Related articles

Latest news

Jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch