JPMorgan makes bullish call in fixed income space, suggests it's a once in a generation opportunity

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."Misra co-manages the JPMorgan Core Plus Bond Fund ETF (JCPB). The fund has almost $16 billion in assets under management, with just over three-quarters of its holdings in BBB-rated debt and above, according to the firm's website as of Aug. 31."We've actually been increasing some of the double-B [and] single-B exposure because there has been a widening in high yield spread," she said. "We like some investment grade. And now, ...