Thoughts on allocating to IG credit?
Consensus seem pretty neutral or underweight on IG given tight spreads and the increasing appetite for riskier assets. From my perspective, I think they could provide stability in the coming months while credit conditions improve - although limited upside compared to high yield or emerging market opportunities.
Any other taxable exposure that looks interesting right now? I've been hearing some noise about Agency/ Asset/ Mortgage backed but I haven't looked to deep into it. Still trying to navigate what kind of taxable fixed income exposure would be suitable for a ultra HNW client in these current conditions.