J.P. Morgan Asset Management is making a bullish call on an underinvested market group: high-quality fixed income.
Priya Misra, a portfolio manager at the firm, sees a once in a generation opportunity for investors.
"You can actually take credit risk in the highest quality companies and still get [a] 6.5% [yield], Misra told CNBC's "ETF Edge" this week. "So, you actually don't have to go down in credit [quality]."
She suggested the strategy is particularly well suited for investors concerned about having too much exposure to artificial intelligence stocks.
"There's a huge AI exposure," Misra said. "What fixed income gives you is this diversified set of returns. It's not just an AI trade or a tech trade. You have the Treasury trade. You have credit outside of AI."