Rensburg Corporate Bond manager's investment grade call starts to pay off after years of underperformance
High-yield bonds have found favour with several bond managers, driving impressive returns over three and five years on offerings from F&C and Invesco Perpetual among others. However John Anderson, who runs the Rensburg Corporate Bond Trust, has put his faith in quality investment grade bonds, a call that is beginning to pay off. The fund remains small at £16m compared to the average fund size of £313m in the UK Corporate Bond sector, and Anderson believes it has been overlooked by investors. He said: "The market looks at crude performance numbers. In the bull run of 2003 to 2005, my f...
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