Pictet doesn't believe in the great rotation

Fund house Pictet argues that certain fixed income investments remain attractive and says it is seeing flows continue into less mainstream and higher-yielding credit and debt. It also stresses the importance of reconsidering one's approach to developed- versus emerging-market debt. Moreover, certain large asset owners agree that credit investments remain justified from a spread point of view and that the approach to DM and EM debt needs re-analysing. “We don’t believe in ‘the gr…