Bank stress, Brexit drive DoubleLine out of European credit

Fund manager warns ECB’s corporate bond buy-backs may produce “adverse outcome”

Tube exit
DoubleLine follows UK out of Europe

DoubleLine Capital is steering clear of investments in European financials and European credit generally, due to concerns about the stability of the continent's banking system and the repercussions of the UK's exit from the European Union.

The European Central Bank's (ECB) purchases of corporate bonds as part of its quantitative easing (QE) programme was also a factor in DoubleLine's decision to exit its European holdings.

"We have avoided European financial institutions and will continue to do

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: