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Pictet doesn't believe in the great rotation

Investors are still buying high-yield and EM sovereign and corporate debt, at the expense of developed-market investment-grade bonds, notes the Swiss fund house.
Pictet doesn't believe in the great rotation

Fund house Pictet argues that certain fixed income investments remain attractive and says it is seeing flows continue into less mainstream and higher-yielding credit and debt. It also stresses the importance of reconsidering one's approach to developed- versus emerging-market debt.

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