NEW YORK (Reuters) – Asset manager BlackRock said on Monday it had increased its strategic overweight on investment grade credit due to attractive valuations and the income potential coming from corporate bonds’ higher yields.
“We go more overweight investment grade (IG) credit on attractive yields and healthy corporate balance sheets that can withstand the mild recession we expect,” strategists at the BlackRock Investment Institute said in a note.
(Reporting by Davide Barbuscia)
