Fidelity Portfolio Manager Shuns Artificial Intelligence-Focused Bonds
Investment manager James Durance keeps his stake in tech bonds financing artificial intelligence investments below 2 percent due to rising risks.
James Durance, working within Fidelity International, is taking a distant approach to tech bonds lending debt to the market to finance the artificial intelligence boom.
Distant Approach to Artificial Intelligence Bonds
Fidelity International portfolio manager James Durance is pursuing a strategy of keeping tech bonds that finance the artificial intelligence craze out of his portfolio.
Risk Concerns and Low Ratios
Managing $14 billion in assets from London, the experienced manager prefers to keep the technology share in income strategies below the 2 percent level due to risk concerns.
Future Borrowing Risks
It is stated that the sheer magnitude of the borrowing amount to be provided to the sector by the end of next year could in itself become a major risk.