EdenTree's Katimbo-Mugwanya: Covid-19 spike not priced into bonds

Fixed income investors need to begin adapting their definition of risk, according to EdenTree's David Katimbo-Mugwanya, who said the potential for a second coronavirus wave and subsequent falls in credit quality has made for a "challenging" environment to invest for capital preservation while maintaining income.

As such, the co-manager of the EdenTree Higher Income, Amity Bond and Amity Short-Dated Bond funds, said the portfolios' durations are "as low as they have ever been", and he has increased weightings to...