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"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.

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).

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