UBS rolls out first SRI fixed income ETF on LSE
UBS Global Asset Management has launched its first London-listed fixed income ETF to track an ethical benchmark.
UBS Global Asset Management has launched its first London-listed fixed income ETF to track an ethical benchmark.
The downtrodden high-yield market is pricing in more trouble than anticipated, but investors should expect a wave of energy sector defaults, says Stenham Asset Management.
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.
Correlations between the credit market and sovereign bonds will linger on, says Neuberger Berman global fixed income manager Jon Jonsson, and credit risk remains the bet to make.
As authorities take further steps to internationalise the RMB, the currency will strengthen over the medium-term, making onshore bonds attractive, according to JP Morgan Asset Management.
As the eurozone has been flirting with deflation this year, appetite for inflation-linked bonds has been understandably lacklustre. However, as the oil price started a surprise ascent in April, interest in the asset class rose accordingly. With the oil price now below $50 again, investors are once again abandoning the asset class.
The demise of the convertible bond market has long been foretold but it continues to persevere and, for the team at NN Investment Partners, the options it provides are perfectly suited to the current environment.
In the latest Brewin Dolphin podcast, head of fund research, Ben Gutteridge talks to M&G’s Richard Woolnough about, among other things, the changing nature of bond market liquidity and the pros and cons of scale.
BlackRock is targeting European growth and income opportunities with the launch of high yield bond fund.
M&G recorded £3.4bn in retail net outflows for the first half of 2015, Prudential reported on Tuesday, driven principally by redemptions from its bond funds.
Legal & General Investment Management’s Solutions capability drove the firm’s assets under management up 12% year-on-year, according to the group’s interim results.
Gold and precious metals funds saw $1.1bn of outflows over the past week, according to Bank of America Merrill Lynch.