Lunch Presentation 17.9.2019

What if the ECB starts buying corporate bonds again?

In his distinctively dovish Sintra speech Mario Draghi left the door wide open for further loosening of monetary policy in the Euro area. All options seem to be on the table. Currently a sleeping giant, the ECB would once again become one of the biggest bond investors in Europe and de facto a ‘forced buyer’ of Euro IG corporates. Current credit spread levels suggest that markets are pricing in a rather high probability of CSPP2 being announced at the ECB’s September meeting. Should the ECB fail to deliver, valuations of European corporate bonds may come under pressure.

In this context, our Fund Manager Wolfgang Bauer will share his view on the global fixed income markets and in which segments he sees opportunities. 

The value of the fund's assets will go down as well as up. This will cause the value of your investment to fall as well as rise and you may get back less than you originally invested. 

The views expressed in this document should not be taken as a recommendation, advice or forecast.

Date 09/17/2019 – 09/17/2019
Time 12:00 – 13:30

Hotel Savoy Baur en Ville
Am Paradeplatz
8001 Zürich

Phone +41 43 443 82 05
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M&G Investments
Talstrasse 66

8001 Zürich