- Corporate credit is now attractively valued relative to government paper, and has the added bonus of effectively hedging equity exposure, says Societe Generale.
- "We see high-yield credit, including the riskier contingent convertible (CoCo) debt market, as presenting the best opportunities after being the hardest hit from weakness in oil, a stronger U.S. dollar and outsized outflows over the past 18 months," says the team, taking note of an even more dovish turn by global central banks, including the ECB's plan to make outright purchases of European investment-grade bonds.
- ETFs: DHF, GHY, HIO, HYF, HYI, HYB, VTA, FSD, KHI, IHY, PICB, PGHY, IBND, HYXU, IJNK, HHYX, JHY
- Now read: Is High Yield Signaling An All Clear? (April 4)