Bonds

The former New Star duo running boutique Querns Asset Managers have renamed their first offering from the business and changed its investment objective.

Paul Read, fund manager at Invesco Perpetual, has urged investors keen to buy into financials to focus on the debt offered by banks and their peers, rather than snap up shares in the companies.

CONTRARIAN

GLG's Christophe Akel is stepping down from his role as manager of the group's corporate and strategic bond funds for personal reasons.

FACING THE FACTS

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ON BONDS

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FIXED INCOME

Issuance in the US corporate bond market has reached record levels in the first quarter of 2012 as low borrowing costs and an improving economic backdrop spurred on borrowers.