There’s light at the end of a rough 2016 – Toogood
Credit markets have already rung the bell for the top of the cycle in a year that was always going to be challenging, said Peter Toogood of the Adviser Centre.
High Yield
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Illness forces Kames’ Milburn to delay return
Kames Capital high-yield bond guru Phil Milburn’s leave of absence has been extended until the second half of this year following his continued struggles with post-viral fatigue syndrome.
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US bonds seeing worst outflows since 2013 – SocGen
United States bonds have seen the worst monthly outflows from the asset class since 2013, according to Societe Generale.
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PA ANALYSIS: An EM rebound, calmer commodities, and other reasons to be optimistic
I’ve lost count of the number investors who described themselves as “cautiously optimistic” in 2015, but going into 2016 maybe we should drop the caution entirely (or at least tone it down a bit).
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Eigen keeps faith with high yield
JP Morgan Asset Management’s Bill Eigen has reiterated his high conviction in the unloved high yield market.
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SHAM: Free your mind… and your asset allocation will follow
“It’s all about emptying your mind,” she said. “Take a deep breath and let your stresses go.”
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PA ANALYSIS: Should certain bond funds ditch daily trading?
Bond fund managers have taken a kicking from the money pages of late with accusations of bad decision making, as well as being overpaid and, more importantly, ill prepared for a liquidity squeeze.
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Matthews Asia’s latest fund to target Asian high yield
Matthews Asia has added to its fixed income capability with the unveiling of an Asian debt vehicle.
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Where the valuation/risk trade meets the high yield/investment grade allocation…
There are options outside strategic bond funds for those fixed income investors looking for a high yield/investment grade allocation.
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Investors focusing on volatility could open door to liquidity crisis – Rathbones
Income investors are focusing too much on volatility, says Rathbones’ David Coombs, and in doing so could be setting themselves up for a fall.
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PA ANALYSIS: Markets divided on high yield dangers
Following the publication of the Federal Reserve’s minutes from its July meeting, the market appears to be betting on a September lift-off for the first interest rate hike.
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EM high yield beginning to look interesting – Harwood
Investors riding market volatility on their cash piles can find high yield opportunities in the emerging market income space, says Harwood Capital’s Richard Philbin.