Is high yield still a good investment
Having rallied strongly over the last four years, high yield debt is at a crossroads, writes Bryn Jones, Head of Fixed Income Research, Rathbone Unit Trust Management.
Having rallied strongly over the last four years, high yield debt is at a crossroads, writes Bryn Jones, Head of Fixed Income Research, Rathbone Unit Trust Management.
China’s debt has has alomost trebled in the past five years, to $23trn, leading to a dangerous financial burden that could bring about its very own credit crunch.
Henderson has appointed Phil Apel head of fixed income, handing the credit expert responsibility for its £18.3bn global fixed income franchise and a team of roughly 60 people based in the UK and US.
It will take roughly five years before the Co-op Bank has returned to profitability, it has emerged, even with a further £1.5bn pumped into its balance sheet and a plan to cut its branches significantly.
City Financial has appointed Phillip Lee to bolster the credit analysis function in the group's fixed income team.
The ING (L) Renta First Class Yield Opportunities fund is a multi-strategy credit portfolio invested in global high yield, investment grade credit as well as emerging market debt.
Eric Holt looks at the outlook for sterling fixed income and explains why he sees risk mitigation as central to any fixed income allocation.
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.
Marge Karner explains why she expects the opportunities in emerging market corporate debt to overtake its developed market equivalent within the next five years.
Corporate strength and government debt means investors need to look at those areas where a premium is paid for quality credit and where a lack of liquidity is not an issue.
A wall of money has gone into corporate and strategic bond funds, but fund pickers and fund managers alike are getting nervous about this predilection for credit