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By Chris IGGO, Chair of the Investment Institute and CIO for AXA IM Core, BNP Paribas Asset Management
A stable economic backdrop, easing monetary policy and strong fundamentals are creating a favourable environment for European government and corporate bond exchange-traded funds (ETFs).
Uncertainty over US tariffs has faded, after the European Commission agreed a trade deal with the US in July, though there remains scope for surprises on a global scale. Elsewhere, political risk and fiscal concerns cannot be discounted – but with the ‘tariff tantrum’ behind us, investor attention is now shifting to the broader macroeconomic environment.
The continent’s economic growth is admittedly modest, at best – Eurozone GDP rose 0.1%...
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