China Washington city Wellington covid-19 economy Government crisis China Washington city Wellington

Where global money is placing bets as stimulus floods markets

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Here’s a look at some key areas and topics for money managers as authorities take more steps to tame the pandemic’s impact More than $8 trillion has been thrown at the Covid-19 crisis by governments around the globe and hundreds of billions more by central banks from Washington to Wellington.

And that means investors are finding a swath of opportunities from investment-grade bonds to emerging-market equities. Looking where central banks themselves are buying, even if it’s been well flagged, still has merits, according to portfolio managers at Western Asset Management Co.

and JPMorgan Asset Management. Areas of China’s vast bond market, including junk-rated company debt, are yet to benefit and have room to catch up with more highly-rated

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