Why Tesco bonds stand out in 'miserly' asset class

Miserly performance is on the cards for giant bond funds - but Tesco bonds and index-linked gilts stand out, says Charles Stanley investment manager Kris Barclay.

Credit met with more credit We find ourselves in a somewhat sheltered environment, but with the economy in a highly-strung state. The rapid demise through 2008 of a global economy built on credit has, curiously, been rescued by the extensive issue of a vast amount of additional credit. Fuelled by the demand from central banks, pension funds and income-thirsty private clients, fixed income markets have also been met by continuous issuance by governments and corporates. From a corporate perspective, why would you not? Some investment trusts have taken the opportunity to issue new ...