Highlights
January 2012
Standard & Poor's downgraded France and Austria from triple A by one notch to double A plus. Italy, Spain and Portugal were also downgraded two notches, while 14 of the 16 eurozone countries were given a negative outlook.
October 2011
Valuations for the high yield asset class are again at odds with fundamentals and liquidity is the cause. This could present investors with an opportunity for very rewarding returns.


