Sumitomo Mitsui DS AM’s Kunibe Exits French Bonds
Sumitomo Mitsui DS Asset Management has sold its entire portfolio of French government bonds due to fiscal concerns. The firm has reallocated the capital into German bunds and short-term Japanese government bonds.
Sumitomo Mitsui DS Asset Management’s Shinji Kunibe said that funds in his global fixed-income group have sold their entire holdings of French government bonds amid concerns about the nation’s fiscal situation, shifting funds to German bunds and short-term Japanese government bonds.
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