Bonds

Showing resilience in the face of the pandemic

Is a centralised solution better for everyone?

'Munis' offer lower default rates than US investment grade credit

Fears Europe could disappoint investors in medium term

Well constructed portfolio key to addressing issues

Managed by Rachid Semaoune

Paul McNamara to lead new product

Investors take to socially responsible vehicles

£108bn of outstanding corporate bonds still in circulation

Targeting five-year duration