Axa IM targets renminbi with EMD expansion
Axa Investment Managers is preparing for a “major initiative” into the renminbi bond market with a significant shift within its emerging market debt offering.
Fixed Income
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Risky bonds – firmly back in European favour
Emerging market debt and high yield bonds, which have had some pretty high inflow volatility recently, are now firmly back in favour with European investors.
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Eaton Vance fund targets income stability amid volatile markets
Eaton Vance Management has expanded its international credit offering with the launch of a multi-sector income vehicle.
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PA ANALYSIS: Have trusts chosen the perfect time to take on more debt?
Whisper it, but investment trusts are quietly increasing gearing. Six years into a bull market, the question is can they be sure this is the right way forward?
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Fed rate hike will cause ‘modest corporate discomfort’ – Fitch
Fitch Ratings has said a gradual hike in the United States’ base interest rate would likely result in lower profits and slower growth, due to increased borrowing costs for US companies.
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Mis-rated bond funds may be misleading investors
Increasing bond market illiquidity may be causing investors to buy funds with miscalculated ratings, according to Fundhouse.
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PA ANALYSIS: Do we really need more bond funds?
With liquidity shrinking, volatility rising and the spectre of a first rate hike since 2009 looming ominously, it would be understandable to think that new bond fund launches would be few and far between.
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Nervous fund managers loading up on cash- BAML survey
Increasingly nervous fund managers are swiftly pulling money out of equities funds in favour of cash, according to June’s Bank of America Merrill Lynch fund manager survey.
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Has the bond world gone completely mad?
Being right, but far too early, must be reclassified as just being wrong for a very long time, says Justin Oliver, deputy CIO at Canaccord Genuity Wealth Management. But the question is, is the government bond market one of those cases?
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PA ANALYSIS: Time to forget about ‘safe havens’
The events of recent weeks could lead investors to draw a stark conclusion; there is no such thing as a ‘safe haven’ in investment terms any more.
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How bumpy is the bond road going to be?
Benchmark 10-year bond yields in the eurozone have more than doubled since the end of April, when they reached an all-time low.
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Hermes rolls out absolute return credit fund
Hermes Investment Management is seeking to bypass potential medium-term market volatility with the launch of an absolute return credit fund.