Funds eye cheap sterling EU hybrids vs. CDS
Investors are eyeing cheap sterling hybrids on European names that are underperforming relative to their credit default swaps. Corporates such as Veolia Environnement, the French utilities company, and RWE, the German electricity provider, have attractive entry levels for mean-reverting trades and offer investors carry through the duration of the trade, according to strategists.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: