Bonds

Philip Milburn, manager of the £1.5bn Kames High Yield Bond fund, is avoiding taking on extra risk in his portfolio this year, as he does not expect the extra yield on offer from CCC-rated bonds will be sufficient to make up for the default risk.

FIXED INCOME

Aberdeen has launched a Strategic Bond fund for its London-based global credit team.

Economists are speculating the outgoing Governor of the Bank of England, Mervyn King, will greenlight one more round of quantitative easing before he steps down in June.

The Bank of England's latest thoughts on introducing negative interest rates to encourage higher lending from banks are 'somewhat schizophrenic', a leading economist has said.

Schroders is preparing to launch a global bond product for Bob Jolly, the firm's head of global macro.

Graham Glass has joined City Financial to spearhead the group's fixed income operations, as the firm looks to build up its product range in this area.

Mirabaud Asset Management's head of convertible bond management, Renaud Martin, outlines a guide to navigating an interesting area of the bond market which has historically been little understood by investors.

Aberdeen Asset Management is to introduce hedged share classes on two of its bond funds in a move to reduce currency volatility.

Thomas Becket, chief investment officer at Psigma Investment Management, has been selling down his exposure to high yield credit, taking the view the asset class is now priced for perfection.