Investors Leaving Euro for Other Currencies

With the euro languishing at a four-year low, investors are turning to alternative currencies resulting in Canadian dollars and Swiss francs gaining in importance in global bond sales.

“Investors are only too happy to diversify,” said James Camp, who helps oversee $17 billion of assets as managing director of fixed income at Eagle Asset Management Inc. in St. Petersburg, Florida. “The window for issuers may be closing and they need to look to other markets for funding.”

Source: Bloomberg

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