Baillie Gifford duo: Ruling out any investment is 'intellectually lazy'

'Ruling out any investment is intellectually lazy'

Alice Rigby talks to the managers of the Baillie Gifford Corporate Bond fund about their focus on "underrated" fixed income securities and the attraction of certain 100-year debt.

The start of this year - like the start of last year, and the year before that - brought with it predictions of disaster for bond funds. For now, however, traditional fixed income investments continue to produce healthy returns with few impediments. Some would say those returns are too healthy: last year, for example, saw the average fund in the Investment Association £ Corporate Bond sector rise 9.8% in another banner year for the asset class.  Unsurprisingly, attention has turned once again to whether that performance can continue. But with rate rises seemingly off the agenda in the...