Financial services group Nordea has launched an actively-managed European government bond fund which assesses risk based on credit default swap spreads, rather than relying on data from third-party credit rating agencies such as Fitch, Moodys and Standard & Poors.
S&P’s Kate Hollis looks at why US fixed income funds outperformed their European counterparts last year and examines their prospects for 2012 and beyond.
Threadneedle’s former head of emerging market debt (EMD) has resurfaced at Standard Life Investments (SLI) alongside two of his former colleagues as part of a newly-created EMD team.
Aviva Investors’ CEO Alain Dromer is the latest senior executive to leave the firm following a “reshape” instigated by the parent company to make the organisation “flatter”.
Corporate bond issuance from high-quality companies is so scarce at the moment that Schroders’ recently launched Strategic Bond Fund is only around 60% invested, manager Gareth Isaacs has revealed.
Iveagh, the fund management business backed by the Guinness family has removed the performance fee from its Wealth Fund, which was previously 10% over hurdle.
HSBC has launched the first international renminbi (RMB) bond outside Chinese sovereign territory, a move it said signalled a significant step in the internationalisation of the currency and in the development of London as an RMB centre.
Given the strong start acros the sectors in Q4 2011 and Q1 this year, Bill O’Neill looks ahead and gives his sector and equity picks for the rest of the year.
History has a way of repeating itself and yet we rarely learn from our mistakes. But while the first quarter of this year shaped up to be remarkably similar to 2011, will the rest of it follow suit?
Our article of 12 April 2012 entitled “Threadneedle’s head of EMD leaves amid strategy overhaul” could have created the impression that head of emerging debt Richard House was leaving Threadneedle as a result of the restructuring of the group’s fixed income capability announced on 12 April and at Threadneedle’s suggestion.
Investors should continue to hold Anthony Bolton’s China Special Situations Fund and perhaps even increase exposure to it if the discount widens further, according to Mick Gilligan, head of research at Killik & Co.
Investec Structured Products has launched its latest collection of plans offering a variety of risk and return profiles with either a deposit or investment slant.
