High income bonds: the next scandal?

This week's Investment Week Articulate page argues that high-income bond funds are not a safe altern...

This week's Investment Week Articulate page argues that high-income bond funds are not a safe alternative to equities and could even run the risk of mis-selling claims. If there's a subject you'd like to see explored on this page, please email: [email protected] Intermediaries who include high-income bond funds in their client portfolios have doubtless responded to the steady decline in the fund managers' own enthusiasm for the sector. It is hard to find one who can manage a better than lukewarm endorsement for current valuations. I would guess the typical intermediary ha...