No Risk Too Big as Traders Plot Escape From Negative Yields
Allianz , Europe’s biggest insurer, is shifting from German bunds to bulk up on mortgages.
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In the negative-yield vortex that is the European bond market, investors are discovering just what lengths they’re willing to go to generate returns.
Norway’s $870 billion sovereign wealth fund said this month that it added Nigeria and lifted its share of lower-rated company debt to the highest since at least 2006. Allianz SE, Europe’s biggest insurer, is shifting from German bunds to bulk up on mortgages. JPMorgan Asset Management is buying speculative-grade corporate debt to boost returns.