Bonds

The popularity of M&G's fixed income offerings has seen it continue to dominate UK fund sales rankings in the second quarter of 2012, according to Fundscape's latest Pridham Report.

Investors' ongoing fears over the state of the global economy will continue to support bond fund demand in the short term, overshadowing concerns from the regulator they could exit en masse, managers have said.

Andrew Wilmont, head of European high yield at AXA Investment Managers, has left the firm, handing his funds to James Gledhill.

FIXED INCOME

UBS Global Asset Management has hired Stephen Hutton as head of UK wholesale to spearhead the firm's drive into the third party discretionary market.

China is poised to take further policy action, according to Chia-Liang Lian, manager of the $754m (£486m) Legg Mason Western Asset Asian Opportunities fund, who has ruled out a steep drop in growth rates.

Ignis's Chris Bowie has said his newly launched Absolute Return Credit fund is positioned to cope with illiquid corporate bond markets and the potential for a price correction.

ON BONDS

In the latest Conjecture debate, our panelists from Brown Shipley Funds, S&P Capital IQ and TwentyFour Asset Management discussed Strategic Bonds.

Janus Capital International, the international arm of Janus Capital Group, has appointed Matthew Nagele as head of UK for its European business.