Brown Shipley's Doran: Three fears for corporate bond markets

Kevin Doran, manager of the Brown Shipley Sterling Bond fund, identifies three issues facing the sterling corporate bond market this year

Bond markets endured a tough 2013 as yields rose across core government debt, amid talk of tapering in the US and the great rotation out of fixed income. Does 2014 promise more of the same? Brown Shipley’s Kevin Doran (pictured) – the UK’s top performing £ Corporate Bond fund manager last year – managed to steer his portfolio through the various challenges which emerged. He returned 6.8% versus the peer group average of 1.9% in the last year, according to Morningstar, as his various calls on the fixed income market paid off. Below, Doran highlights three key concerns for 2014 which co...