The unwinding of the Federal Reserve’s quantitative easing programme is very likely to see credit spreads widening with an impact on other assets well beyond US treasuries says Chris Iggo, chief investment officer fixed Income, Axa Investment Managers.
Although investors are behaving like the credit market is “rock solid” Axa Investment Managers’ Chris Iggo cautions they might be more fragile than they appear.
China’s growth outlook is expected to improve between 2017 and 2021, but the country’s rising debt level skews the figures and raises strong concerns, according to the International Monetary Fund.
The benign conditions that prompted investors to overlook investment grade fixed income in favour of high yield could soon come to an end according to Hermes’ credit specialist, Fraser Lundie.
The global bond ETF industry garnered almost twice the amount of capital from investors in the second quarter of 2017 as it did the year prior, thanks to sustained demand for EM debt passive products.
Greece has returned to the bond market for the first time in three years after issuing its first five-year euro-denominated bond at a yield of around 4.75%.
As we move through the halfway point of 2017, many investors have grown wary of the risk asset rally and are returning to the relative safety of fixed income funds. But which have performed the best year-to-date? And which have not fared so well?
Portfolio advisers have been looking at equity market valuations rather nervously for some time tilting towards less risky assets, taking profits and holding more cash.
At a time when retail investors are piling into fixed income, City Financial’s head of multi asset Mark Harris has warned the bond bull market is essentially over.
Fulcrum Asset Management has hired Graham Neilson as investment director.
Investors made their priorities clear this morning with big fears over who will lead the country into Brexit negotiations.
New research from Societe Generale has suggested fixed income ETFs offer a solution in the current hunt for yield amid record low interest rates.
