Bonds

A year hyped as the start of a great rotation from bonds into equities actually saw more of a trickle out of fixed income, but it was not plain sailing for bond funds.

All bets are off on when the Federal Reserve may begin tapering, and investors should therefore prepare themselves for a taper as early as this week, said M&G's Anthony Doyle.

Psigma Investment Management has teamed up with City Financial to launch a European high yield fund for its head of credit John Sullivan.

CORPORATE BONDS

FIXED INCOME

J.P. Morgan Asset Management (JPMAM) is to bring a series of bond funds into the UK market as part of an expansion of its fixed income range.

Sanlam Private Investments (SPI) is launching a global equity fund as well as a fund providing investors with an alternative to cash as it moves to broaden its range of retail mandates.

Legal & General Investment Management's Richard Hodges will take on the management of three additional fixed income funds totalling £2bn in assets, after existing manager Michel Canoy opted to exit the business.

Jupiter has written to unitholders in Ariel Bezalel's £1.6bn fund, asking them to vote on plans which would give the manager wider powers to use derivatives to take short positions.

Nicolas Trindade, manager of the AXA Sterling Credit Short Duration Bond fund, has been using in-house resources in a bid to diversify his floating rate note exposure.