Europe has been so starved of anything other than QE over the past five years or so, the corporate and government survivors are now looking more attractive to investors.
Jupiter’s Ariel Bezalel runs an unconstrained mandate across government, investment grade and high yield bonds and explained to International Adviser how he invests “where the economic environment is most conducive to different parts of the market”.
He gives wide-ranging views on a benign European Central Bank, even postulating whether or not the ECB will in the future buy corporate bonds.
Looking backwards, he describes high yield as “the star performer for a while now” before looking ahead and expanding on where he thinks the next starts are going to come from.
UK banks anyone?
