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Why the ECB struck gold with its credit purchase programme

The European Central Bank must feel like it hit the jackpot with its corporate bond purchasing programme as it has had major positive impacts for risk sentiment among bond buyers in the region.

That is according to Citywire A-rated Andreas Michalitsianos, who co-runs the $5.3 billion JPM Global Corporate Bond fund alongside Lisa Coleman.

Speaking to Citywire Selector, Michalitsianos said, despite the positivity, there could be increased issuance of negative or zero coupon debt by corporates given the relative unattractiveness of sovereign debt at present.

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Related Fund Managers

Lisa Coleman
Lisa Coleman
34/122 in Bonds - US Dollar Corporates (Performance over 3 years) Average Total Return: 12.33%
Andreas Michalitsianos
Andreas Michalitsianos
39/83 in Bonds - Global Corporates (Performance over 3 years) Average Total Return: 10.39%
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