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Stock up on high-yield and convertible bonds, says J. Safra Sarasin

High-yield and convertible bonds provide better downside protection than equities in a market that expects a Fed rate hike; however investors have muted risk appetite due to a potent cocktail of political risks, says Swiss pure play Bank J. Safra Sarasin. Jan Bopp, asset allocation strategist at J. Safra Sarasin, believes that while optimism has returned to both the equities…

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