Fixed income 'no longer an asset class'
Swiss private bank Lombard Odier says it is reassessing the role of fixed income in its portfolios
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FIXED income is no longer an asset class, said Salman Ahmed, chief investment strategist at Swiss private bank Lombard Odier.
An asset class should comprise assets which investors buy into under the assumption of positive returns, he said. But investors buying and holding negative-yielding bonds are losing money with certainty.
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