7 April 2020
Investment grade credit: Strategy update
Executive Director, Investments, Fixed Income
While investment grade (IG) credit market returns were significantly negative and spreads materially wider by the end of the first quarter, IG market valuations are now much more attractive than at the start of the year. We entered the year conservatively positioned in our IG portfolios, and as we re-visit valuations and the policy response to the COVID-19 crisis, we have become more constructive about future prospects for the market.