Bonds

Aggressive quantitative easing announced by the ECB in March, including a plan to purchase euro-denominated corporate bonds, coupled with a relatively dovish Federal Reserve, weakened the dollar and ignited an oil and commodity price rally that has undoubtedly...

Plenty of opportunities

No change to investment mandate

Should 'alleviate financial shocks'

Brexit and global growth worries

Worried by Brexit and negative rates

Took $144m in May

Patrick Vogel as lead manager

Specialising in global bonds and EMD

Last year a mini-tornado blew through energy markets as oil prices tumbled. This swept up many firms at the heart of the US fracking boom that had grown through high yield debt. The wider high yield market took a fair bit of collateral damage.