Fisch Asset Management AG,
T +41 44 284 24 24
info@fam.ch
For the year ahead, we expect rising liquidity to continue supporting financial markets for the time being. At the same time, however, the global liquidity cycle is approaching its peak.
In the convertible bond segment in particular, we still see catch-up potential, as the issuers’ expected earnings growth remains undervalued compared with the broader equity market. Corporate bonds should also benefit from issuers’ persistently solid fundamentals and from the attractive yields they continue to offer.
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