Analyst: Returns on credit bond assets expected to decline by 2026.
Chris Iggo, of the Paris-based asset management firm AXA, stated in a report that after strong returns in credit assets over the past three years, total returns are expected to decline by 2026. However, Iggo said that credit assets are still attractive, with yields higher than stock dividends. He noted that due to positive outlook on credit, the risk premium of credit assets has fallen and is at a "new low" since the global financial crisis.
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