EU Referendum

Brexit is creating negative sentiment that will lead to a risk-off mode across the day, so it is expected to see quite some volatility as well as pressure on prices. In terms of credit fundamentals, not much changes for our holdings and we will be monitoring price moves. We will manage volatility and liquidity accordingly and take advantage of opportunities if they arise. Having ca. 80% of issuers in the investment grade bucket will make a huge difference should we see a flight to quality.

More News & Views