Bonds

M&G's Richard Woolnough has dismissed growing concerns of a bubble in corporate bond markets, saying credit is still priced for a recessionary environment.

SECTOR WATCH

ON BONDS

International investors are buying record amounts of gilts on expectations of further Bank of England quantitative easing.

Bonds funds continued to dominate new inflows in August and helped boost retail sales for the month to a record high, according to the IMA.

Ignis head of credit portfolio management Chris Bowie explains his defensive positioning on expectations of a further $2trn of US and £400bn of UK quantitative easing.

Investment banking giant JPMorgan says there is a 75% chance the Federal Reserve will begin another round of quantitative easing by end of this year.

Investment guru Jim Rogers warns stock markets could collapse if the global recovery fails to reignite and is urging investors to turn to commodities.

Axa's Nick Hayes has turned over 40% of the Sterling Strategic Bond fund since joining the group and assuming control of the mandate three months ago.

OMAM head of fixed income Stewart Cowley believes gilt yields will plunge to 2% by the second quarter of next year but will more than double over the next 12 months.