Carmignac's Medecin Likes CoCos, Just Not Deutsche Bank's

Updated on
  • French asset manager favors Intensa Sanpaolo, Credit Suisse
  • Carmignac sees banks' return on equity staying under pressure

Carmignac Gestion SA likes the riskiest European bank debt known as contingent convertible bonds, said Jean Medecin, a member of the firm’s investment committee. He won’t be buying Deutsche Bank AG’s though, he said in an interview.

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