Vanguard launches fresh attack in price war
Vanguard has launched a new offensive against competitors in the ongoing fund price war with the introduction of its first actively-managed bond fund in the UK.
Credit
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Axa’s Iggo: ‘Rock solid’ credit market could crumble
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.
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Hermes’ Lundie: High yield investors in for a nasty surprise
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.
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Hermes finds correlation between ESG and credit spreads
New research from Hermes Investment Management shows a correlation between companies with high ESG scores and low credit default swap spreads.
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JP Morgan: There is still opportunity in credit
After a recent survey found more than 80% of investors believed corporate bonds were overvalued, a JP Morgan portfolio manager has argued the case for keeping money in the asset class.
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Wells Fargo AM launches US IG credit fund
Wells Fargo Asset Management has launched a USD Investment Grade Credit portfolio, a sub-fund of its Worldwide Luxembourg Ucits fund.
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Global growth will keep trending lower – Macquarie AM
Investors have not seen the end of the lower for longer trade, according to Macquarie Asset Management head of research Dean Stewart, so selecting bonds and equities will require an even more cautious approach.
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PA ANALYSIS: Should you buy sterling credit as an ECB hedge?
ECB intervention has pushed European corporate bond yields down to unrealistic levels. It may therefore be a good idea to buy some sterling credit, regardless of how the Brexit saga will play out.
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PA ANALYSIS: Is the Fed creating opportunity or danger in US credit?
The split among the members of the Federal Open Market Committee over the last rate decision revealed by the meeting minutes, and the dovish tone, presents some fresh food for thought for investors.
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Eaton Vance offers new Irish-based multi-asset credit fund
Eaton Vance Management (International), a subsidiary of US-based Eaton Vance Corp, has launched a multi-asset credit fund which available to investors in the UK and Ireland with further jurisdictions planned.
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Bank of Singapore warns on China credit bubble risk
The Bank of Singapore has joined the chorus of analysts warning that China’s private sector credit-to-GDP ratio is now over 200%.
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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.