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Credit Suisse PB takes profit from EM HC and global IG bonds

Credit Suisse Private Banking has taken profit from emerging market hard currency (HC) and global investment grade (IG) bonds in its latest asset allocation strategy, owing to the limited upside potential of the two asset classes. According to its latest monthly investment report, the lender has downgraded EM HC and IG corporate bond positions to neutral and underweight, respectively. “EM…

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