Overpriced bonds
The number of UK-based investment professionals who feel corporate bonds are overpriced has doubled in the past year.
The number of UK-based investment professionals who feel corporate bonds are overpriced has doubled in the past year.
Emerging market debt and liquid assets are the order of the day for Legg Mason’s Global Multi Strategy Bond Fund as the manager prepares for a volatile 2013 in credit markets.
Aquila Capital has announced its intention to launch a Risk Parity Bond Strategy for investors looking to diversify and counterbalance their exiting fixed income exposures.
Lombard Odier has merged its global and emerging bond teams as it no longer sees the skills required to invest in the different regions as distinct.
ECB action to save the euro, along with its progress in redressing imbalances in the region's economy resulted in strong demand for Ucits funds in 2012, according to a report by the European Fund and Asset Management Association (EFAMA).
Japanese equity funds enjoyed a record-breaking start to February as inflows hit a 34-week high and retail commitments reached their highest level since Q2 2006, data from EPFR shows.
First State Investments is planning the launch of a local currency proposition to be run by its emerging market debt team.
Cross-border funds attracted their second highest amount in the past ten years in 2012, accounting for nearly half of all European fund assets, according to the latest report from Lipper.
Credit specialist Muzinich is planning a Ucits version of its Credit Opportunities Fund, led by Mike McEachern, to be launched in Q2 this year.
Credit funds will have difficulties matching the record returns and inflows from 2012 in 2013, data from Fitch Ratings predicts.
Schroders has reshuffled its fixed income desks, leading to the departure of head of UK and European rates, David Scammell and a change to the named managers on a number of funds.
Pimco funds were among the most attractive in 2012, with three appearing in Morningstar’s top 10 long-term funds by net inflows.