As the market winds down in preparation for the Christmas season, analysts are increasingly advising investors to keep their portfolios close to the index. With year-to-date annualised returns of more than 9% for triple-B credits, analysts see no reason to continue to seek out profits. In any case, new issuance levels have also fallen giving investors few opportunities to increase sector- or name-specific exposures.
The only sectors that analysts are deviating from the index are indu
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