DIVING into the riskiest parts of Europe's government bond market proved to be a clear winner this year.
Some of the world's biggest money managers say 2016 will be no different.
BlackRock Inc, Pacific Investment Management Co and Prudential Financial Inc all say debt from Europe's peripheral nations - those less-creditworthy borrowers such as Portugal, Italy and Greece - are primed to excel once again as the European Central Bank extends its unprecedented bond buying. With the Federal Reserve finally raising US interest rates, they are taking a dimmer view of Treasuries as forecasts suggest they are headed for losses.
While Europe was roiled by worries that a Greek default could splinter...