Sterling corporate bonds enjoyed a strong 2017, returning over 5.5% as credit spreads have continued to tighten.
Gilts by contrast have returned just over 1.25%, the bulk of that from the long end. The main driver of corporate returns during the year has been the steady decline in credit spreads, from 140 in early...
Four potential outcomes
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Partner Insight: Alex Wright explains how he has honed his value contrarian approach to investing in the Fidelity Special Situations Fund and why the potential to lose money is often lower than in traditional funds