"This has been the year when most managers' favorite bet has paid off. Being overweight in lower-rated credit has paid off hugely this year."--Denis Gould, head of the sterling investment-grade team at AXA Investment Management, commenting on his firm's move to buy corporate bonds that offer relative value (see story, page 5).
"This has been the year when most managers' favorite bet has paid off. Being overweight in lower-rated credit has paid off hugely this year."--
