Sumitomo Mitsui DS AM Exits French Bonds on Fiscal Concerns
Sumitomo Mitsui DS Asset Management sold its 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.
By Mia Glass · Bloomberg Markets
Sumitomo Mitsui DS Asset Management sold its 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.