Amundi ETF said it remains constructive on an all-in yield basis, favouring global investment grade credit and continuing to prefer subordinated debt over high yield, with a preference for short-dated bonds.
Amundi ETF also said it has slightly reduced its preference for European IG credit and, at sector level, prefers financials and, among non-financials, telecom, tech and pharmaceuticals.
Source: Amundi ETF.
Prepared with AI assistance from the cited source. Source statements are attributed; this is not investment advice.