Gold Silver Reports (GSR) – Across fixed income, credit funds stand out as suffering persistent outflows over the past three months, according to Societe Generale SA. That’s after money managers helped to swell assets fourfold to more than $1 trillion since 2010, according to the bank. The change in sentiment may be a turning point for a type of debt that became a must-have during an era of easy-money policies.
“The latest outflows from credit may be a further sign that the golden years are increasingly behind us,” Societe Generale strategists led by Arthur Van Slooten wrote in a note Thursday. They ask whether “an indispensable asset” could soon be “an undesirable asset.” – Neal Bhai Reports (NBR)
