Guggenheim Partners is shifting its portfolio to focus more on high-yield debt, on the expectation that the broader credit market will be “a little bit better,” according to the Chief Investment Officer for Fixed Income and the Managing Partner Anne Walsh.
Guggenheim is set to raise its credit rating as they expect a recession “in the middle of this year,” Walsh said in an interview on Bloomberg TV in the World Economic Forum. Forum in Davos. They aim to reduce the expansion of investment.
WATCH: Guggenheim Partners Global CIO Anne Walsh speaks with David Westin on “Bloomberg Surveillance Early Edition” on the sidelines of the World Economic Forum’s annual meeting in Davos, Switzerland.
Source: Bloomberg
“We are avoiding the lower level – CCC rating or some of those things…
