Where will you find value in credit markets in 2014?

CORPORATE BONDS

Ignis Corporate Bond fund manager Chris Bowie outlines the areas he thinks will provide the best value in the credit market.

Many market participants have recently turned bearish on credit markets, following five years of strong, largely uninterrupted gains for the asset class. While many areas of the market have been exhausted, pockets of value remain across the credit spectrum, and many fund managers are positioning their portfolios to capture these opportunities. One area of particular focus for fund managers is in secured bonds, otherwise known as collateralised ABS. These bonds have the added security of being backed by a physical asset, should the issuer default on its obligations. The Ignis Corporate...