But banks should be largely done with funding that growth, and issuance from financial companies should drop about 30 per cent in 2022, Barclays Plc strategists said late last year. BMO Global Asset Management is among money managers are looking at buying riskier bonds from financial companies this year to profit from expected drops in bank debt sales.
“We are buyers” of financial company bonds in general, Scott Kimball, head of investments for U.S. fixed income at BMO Global Asset Management, said in an emailed response to questions on Wednesday. “We think industrials are too richly valued in here, especially given that most have under-invested in capital expenditure these past few years.”
TD Bank, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Banco Santander SA and Societe Generale SA are managing the bond sale, the person said.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: nationalpost - 🏆 10. / 80 Leer más »