ECB QE: A ‘Swissification’ not ‘Japanification’

Eric Vanraes, portfolio manager at EI Sturdza Investment Funds discusses the European QE announcement and its impact on bond markets worldwide. Eric alludes to the obligation for certain economies to buy bonds, resulting in a drop in yields worldwide. He is questioned with regards to selling the fund’s entire position in peripheral Italian and Spanish bonds and responds by outlining the two main events that triggered the move; Mario Draghi’s QE announcement and the elections in Greece.

Video
3 Feb 2015

Eric Vanraes, portfolio manager at EI Sturdza Investment Funds discusses the European QE announcement and its impact on bond markets worldwide. Eric alludes to the obligation for certain economies to buy bonds, resulting in a drop in yields worldwide. He is questioned with regards to selling the fund’s entire position in peripheral Italian and Spanish bonds and responds by outlining the two main events that triggered the move; Mario Draghi’s QE announcement and the elections in Greece.