Wellington Funds Pivot From Treasuries to ‘Most Credible’ Debt
Wellington Asset Management Ltd has reduced its exposure to US Treasuries, shifting into German bonds after last week’s Federal Reserve meeting fueled doubts about its inflation-fighting credentials.
By Georgia Hall · Bloomberg Markets
Wellington Asset Management Ltd has reduced its exposure to US Treasuries, shifting into German bonds after last week’s Federal Reserve meeting fueled doubts about its inflation-fighting credentials.