FYI: Many bond investors who benefited from the recent rally in battered energy debt prices are maintaining or seeking to add to their holdings, viewing the rally as the start of a longer-lasting uptrend rather than a blip.
Fund managers including MacKay Shields, Thornburg Investment Management and BlueBay Asset Management said they had increased their positions or initiated new ones in recent months after energy bond prices cheapened in 2015. Most of these fund managers had less exposure to energy debt at the end of last year than the indexes they compare their funds against.
Regards,
Ted
http://www.reuters.com/article/investing-funds-energy-idUSL1N16F1AM
