Selective opportunities in fixed income
Low yields have made fixed income investing challenging, but there are pockets of opportunity, according to Irena Alagic, Global Fixed Income Strategist, J.P. Morgan Private Bank.
One bright spot is the U.S. corporate sector. “We are constructive on U.S. high yield,” says Ms. Alagic. Fundamentals, outside of the energy sector, are still solid, and companies have taken advantage of low rates to refinance existing debt, which means maturities have been pushed out several years into the future.