Emerging market debt – a reversal of fortunes
Investors are fleeing from emerging market debt, and optimism for any recovery in the near term is low, particularly for local currency government bonds.
Fixed Income
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Bond indices to change after China’s opening
The opening of the Chinese bond could significantly change the composition of key global bond indices, according to Nicolas Jaquier, SLI’s economist for emerging market debt.
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ECB cut would boost peripheral sovereigns – Pioneer
The expected 10 basis points rate cut by the European Central Bank this week would provide a “big boost” to peripheral sovereign markets such as Italy, according to Tanguy Le Saout, head of European fixed income at Pioneer Investments.
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Asset allocator: Lombard Odier on the fundamental bond issue
One of the ways in which Lombard Odier distinguishes itself from its peers is to use fundamentally weighted bond indices in its asset allocation, a practice it developed in 2010 after identifying what it perceived as a problem with the mainstream indices.
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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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PA ANALYSIS: Fixed income funds leak as liquidity fears linger
Fixed income funds saw outflows of £267m in January 2016, the Investment Association said on Monday, which accounted for more than half the total outflows of -£463m recorded for the month.
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Credit Suisse ‘yearbook’ forecasts rate rise impact on wealth
Credit Suisse has released a report which forecasts real equity returns will be limited to 4-6% over the next ten years and real bond returns will be close to zero.
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Lyxor cuts fixed income ETF fees
Lyxor Asset Management has cut fees on its gilt and treasury ETFs to 0.07% and on its UK and US corporate bond ETFs to 0.09%.
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Illness forces Kames’ Milburn to delay return
Kames Capital high-yield bond guru Phil Milburn’s leave of absence has been extended until the second half of this year following his continued struggles with post-viral fatigue syndrome.
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Aberdeen tops ‘dog funds’ list
Aberdeen Asset Management has the largest number of so-called ‘dog funds’ under its watch, according to Tilney Bestinvest’s latest ‘Spot the Dog’ report.
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Woolnough says US recession fears unfounded
Richard Woolnough, manager of the M&G Optimal Income Fund, has said that bears who fear the United States could slide into recession in the near term are wrong.
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Bezalel moves defensive ahead of “even more volatility”
Ariel Bezalel, manager of the Jupiter Dynamic Bond Fund, has been migrating his portfolio to a more defensive posture.
