|
Bond funds saw flows of $56.5bn (£45.4bn) compared to the flows into equity funds of $31.1bn (£25bn).
As well as concerns over the faltering supply of fresh issuance, the wider geopolitical picture and credit risk has led to the fund opting for a 40% exposure to secured debt.
Shah’s top tip, echoed by fund manager Jonathan Platt, was to look past the credit ratings of bonds, and instead study the fundamentals of each company and the offering to find the best value.
Key events for wealth managers in the week beginning 25 November
The label will come into effect on the 27 November
Global climate assets up 6% in first nine months of 2024
Reluctance of platforms to allow for fractional trading means the inclusion of ETFs and trusts within model portfolio services is being constrained
88% of companies globally either raised payouts or maintained their level
Number of women in the industry increases but female representation in the 50-64 age bracket declined, according to inclusion report
