Bonds

M&G Investments' top performing bond fund manager Richard Woolnough has argued the global economy is in a much healthier place than GDP figures suggest.

Mike Riddell, bond fund manager at M&G, has warned if emerging market debt outflows continue at their current pace or worsen, the effect on the asset class is likely to be "cataclysmic".

Bond fund managers have been returning to emerging market debt in the last few days following the dramatic sell-off in the sector, after a strengthening dollar sent prices spiralling.

Bill Gross, the manager of the world's largest bond fund, has told investors selling treasuries they could be left disappointed if they overestimate the speed with which the Fed will wrap up QE.

Bish Limbu, manager of the Omnis Distribution fund at Octopus Investments, looks at the options for income-hungry investors.

ON BONDS

Standard Life Investments (SLI) has launched a local currency emerging market debt fund to complement its existing hard currency offering.

Hundreds of Co-operative Bank bondholders, who face losing at least 30% of their investments through the lender's debt-to-equity capital-raising proposals, have joined a campaign challenging the bank's plans.

Bill Gross's $285bn Pimco Total Return fund led falls among the world's most popular bond portfolios after the Federal Reserve prompted a global sell-off by indicating it may start tapering its QE programme.

Enzo Puntillo, head of fixed income at Swiss & Global Asset Management, moved out of 30-year treasuries last month in his Julius Baer Total Return Bond fund as market fears grew about the possible tapering of the Federal Reserve's QE programme.