Major fund managers cut exposure to investment-grade debt

12/6/2012 | Wall Street Journal, The

Some of the biggest fund managers are scaling back exposure to investment-grade bonds amid concerns that yields on high-quality U.S. corporate debt are so low that there's no room for gains. Some fear that even a small increase in interest rates could trigger major losses, so they're shifting funds to European debt and the highest-yielding bonds.

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Wall Street Journal, The

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