Caution the watchword for FIG investors
Investors will be more selective about the bonds they buy from banks, as increased competition and the sovereign exposure for certain financial institutions will pose risks for some banks’ ability to fund. That, at least, was the view of the investors on the Appetite for Bank Securities panel at the Euromoney bank finance conference in Amsterdam on Thursday.
"What clients want now is changing," said a leading fixed income investor. "They dont only want us to outperform the benchmark, they also want to ensure we will be able to pay pensions."
One portfolio manager from Switzerland said he had been forced to make fundamental changes to how
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