Wells Fargo AM launches US IG credit fund
Wells Fargo Asset Management has launched a USD Investment Grade Credit portfolio, a sub-fund of its Worldwide Luxembourg Ucits fund.
Credit
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Global growth will keep trending lower – Macquarie AM
Investors have not seen the end of the lower for longer trade, according to Macquarie Asset Management head of research Dean Stewart, so selecting bonds and equities will require an even more cautious approach.
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PA ANALYSIS: Should you buy sterling credit as an ECB hedge?
ECB intervention has pushed European corporate bond yields down to unrealistic levels. It may therefore be a good idea to buy some sterling credit, regardless of how the Brexit saga will play out.
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PA ANALYSIS: Is the Fed creating opportunity or danger in US credit?
The split among the members of the Federal Open Market Committee over the last rate decision revealed by the meeting minutes, and the dovish tone, presents some fresh food for thought for investors.
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Eaton Vance offers new Irish-based multi-asset credit fund
Eaton Vance Management (International), a subsidiary of US-based Eaton Vance Corp, has launched a multi-asset credit fund which available to investors in the UK and Ireland with further jurisdictions planned.
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Bank of Singapore warns on China credit bubble risk
The Bank of Singapore has joined the chorus of analysts warning that China’s private sector credit-to-GDP ratio is now over 200%.
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Credit starting to be hit by Brexit – Bluebay
The British pound is “not the only casualty” of uncertainty resulting from the upcoming referendum on whether to remain or leave the European Union, according to head of credit strategy at BlueBay Asset Management, David Riley.
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Heartwood warns of further credit headwinds
Credit markets are likely to face more headwinds going into 2016, according to investment director at Heartwood Investment Management David Absolon.
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Slumping commodities requires high yield rethink – Lundie
A combination of sovereign-related and company specific credit downgrades in the resources sector has seen a dramatic change in the make-up of the global high yield credit market said Fraser Lundie, co-head of credit at Hermes.
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Axa IM adds to European credit range
Axa Investment Managers is launching the AXA World Funds Euro Credit Total Return fund, the latest addition to its €8.6bn euro credit range.
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Bonds outflows fastest since taper tantrum
Outflows from bonds funds have continued at a remarkable pace with high-grade funds suffering outflows of $3.01bn over the past week, the largest since the ‘taper tantrum’.
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Credit funds suffer as markets mis-read rate rise
If ever there was an area of the fixed income market to be investing in that is dominated by sentiment then, since May at least, corporate credit is probably it.