JPMorgan calls high-quality fixed income a once-in-a-generation opportunity
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Priya Misra, a portfolio manager at J.P. Morgan Asset Management, says investors can take credit risk in the highest-quality companies and still earn about a 6.5% yield, arguing the strategy suits those overexposed to AI stocks. She co-manages the $16 billion JPMorgan Core Plus Bond Fund ETF (JCPB), whose holdings are mostly BBB-rated debt or better, and says the fund has been adding double-B and single-B bonds as high-yield spreads widen. The ETF is down more than 5% this year.
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