Nomura's Hodges: Credit market will shut down ahead of EU vote leading to 'tidal wave' of new issuance

Will end up with a 'very expensive' market

Natalie Kenway
clock • 3 min read

Dickie Hodges, manager of the $100m Nomura Global Dynamic Bond fund, has said he believes credit markets will completely shut down in the week prior to the EU referendum on 23 June, before facing a "phenomenal wave of new issuance" the week after.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Fund managers bullish despite AI bubble and private credit concerns

Fund managers bullish despite AI bubble and private credit concerns

Quilter Investor Trends survey

Michael Nelson
clock 24 November 2025 • 2 min read
Columbia Threadneedle warns of AI 'white knuckle moment' over 'unquantifiable returns'

Columbia Threadneedle warns of AI 'white knuckle moment' over 'unquantifiable returns'

$3.5trn investment expected by 2030

Patrick Brusnahan
clock 22 October 2025 • 2 min read
AI boom 'a key risk' as IMF sounds alarm on fluctuating global economy

AI boom 'a key risk' as IMF sounds alarm on fluctuating global economy

Compared to the dot com boom

Michael Nelson
clock 14 October 2025 • 1 min read
Trustpilot