(ANSAmed) - Rome, September 11 - European funds are
increasing their exposure to Italian and Spanish sovereign bonds
following the announcement by the European Central Bank of a new
unlimited bond-buying programme last Thursday, the Wall Street
Journal reported on Monday.
"Fund managers in Europe have invested more of their money
in high-yielding euro-zone sovereign bonds in the run-up to and
after the European Central Bank's approval last week of a plan
allowing it to make unlimited purchases of government bonds from
struggling countries in the currency bloc," said the paper.
However it added that "It is too early to say whether the interest from traditionally long-term investors such as asset managers will last beyond this initial burst of optimism".
(ANSAmed).
However it added that "It is too early to say whether the interest from traditionally long-term investors such as asset managers will last beyond this initial burst of optimism".
(ANSAmed).
