Stocks to Regain Lead Over Bonds on Stimulus, BNP Predicts
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Equities have taken it on the chin this year as the coronavirus outbreak ravaged risk assets, while massive central-bank pledges have spared bonds the pain. The position may reverse over the rest of 2020, BNP Paribas Asset Management forecasts.
While stocks have handed investors negative returns -- the MSCI All-Country World Index is down 10% this year -- sovereign bonds have fared relatively better because of central bank support in some of the biggest markets.