Ben Edwards, manager of the £917m BlackRock Corporate Bond fund, has maintained his 60% exposure towards BBB-rated bonds despite fears of a downturn that could result in investment grade vehicles falling to 'junk' status.
There have been warnings from fellow bond fund managers and central banks alike that with such a large portion of the investment grade credit market now in BBB bonds - the tier has grown from around 30%...
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
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In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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