It is often written, and perhaps too quickly assumed, that the aftermath of the financial crisis has left corporate investors with limited suitable fixed income investment choices. This impression is understandable given the high level of scrutiny that corporate executives, audit committees, and board members are giving investment vehicles. Compounding the issue is that newly created corporate debt often does not fit the credit and duration parameters required by most investment mandates - essentially shutting many investors out of the new issuance market. The historically low interest rate environment adds another level of complexity when evaluating investment options.
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