The number of trusts primarily investing in equities that have a yield of at least 4% has increased to 21 compared with 13 in September 2017, according to Stifel research. Portfolio Adviser looks at the top-10 highest yielding in the sector.
Skittish investment in high yield and robust demand for emerging market debt led the action by European bond funds over the last year, but will this trend continue?
Ex-Kames fixed income duo David Roberts and Phil Milburn disclose details about the three strategies they are busy cooking up at new home Liontrust, with the first product potentially launching by the end of March.
State Street Global Advisors (SSGA) is focusing part of its fixed income portfolio on global convertible bonds due to expectations of higher interest rates and a stronger equity market over the next 12 months, but fund selectors are only mildly interested in the asset class.
BlackRock has launched a fixed-term high yield bond fund, which primarily invests in US dollar denominated high corporate bonds with five-year maturities.
Baillie Gifford has promoted two staff to co-manager level on two of its bond funds to replace outgoing heavyweights, Stephen Rodger and Donald Phillips.
Andrew Harman, senior portfolio manager at First State Investments, believes strength in emerging market equities, rising inflation and low high-yield spreads will influence the firm’s multi-asset portfolio positioning in the year ahead.
As investors head in to the new year, three fixed income fund managers at Kames Capital give their views on what 2018 could hold in store for high yield, strategic bonds and investment grade.
Seneca Investment Managers has cut the allocation to equities across its portfolios after calling the end of the equity bull market in 2019.
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.
Not being a student of Keynesian theory, I’ve been somewhat confused by the oft mentioned revival in ‘animal spirits’. Rather than bulls and bears, investors should beware the headless chickens.
First State Investments has set its sights on the high-yield market with the introduction of a dedicated team.
