Fidelity International's James Durance doesn't want AI bonds. At a time when hyperscale cloud service providers are aggressively issuing bonds to raise funds and participate in the artificial intelligence boom, the London-based portfolio manager, who manages $14 billion in assets, has always kept the tech industry exposure of his revenue strategy below 2%. He said that by the end of next year, loans to the industry could expand to the extent that its size itself poses a risk. In an interview with the media in Singapore, Durance said, “Although the technology sector is growing rapidly in the bond market, I'm not very enthusiastic. As far as the current price level is concerned, I don't like it.”
Zhitongcaijing · 4d ago
Share
Listen to the news
Fidelity International's James Durance doesn't want AI bonds. At a time when hyperscale cloud service providers are aggressively issuing bonds to raise funds and participate in the artificial intelligence boom, the London-based portfolio manager, who manages $14 billion in assets, has always kept the tech industry exposure of his revenue strategy below 2%. He said that by the end of next year, loans to the industry could expand to the extent that its size itself poses a risk. In an interview with the media in Singapore, Durance said, “Although the technology sector is growing rapidly in the bond market, I'm not very enthusiastic. As far as the current price level is concerned, I don't like it.”
Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
What's Trending