BlackRock's Krautzberger: European fixed-income attractive

BlackRock bond manager Michael Krautzberger believes the potential for European rate cuts makes fixed...

BlackRock bond manager Michael Krautzberger believes the potential for European rate cuts makes fixed-income in the region very attractive. The manager of the BGF Euro Bond and Euro Short Duration Bond funds said that despite the last year’s market chaos the ECB has only worried about slowing growth recently. “They even saw the slow down in growth as necessary to fight the commodity-induced spike in headline inflation,” he said. “And they surprised the market with an additional rate hike to 4.25% in July as extra insurance that growth slows enough to bring inflation down. But the dra...