How Zurich and Alecta are coping with pricey credit

There’s plenty of evidence to suggest investors should be avoiding corporate bonds. Not only are prices are at record highs (and yields at, or near, record lows) but global economic growth is slowing and ultra-low interest rates look unlikely to rise any time soon. And yet it's difficult for many institutional investors – most notably insurance firms – to avoid some exposure to credit because of their mandated fixed income allocations.  So what should they do?  For Urban Angeh…