OMAM's Snowden: Opportunities in corporate bonds

ASSET.TV INTERVIEW

Old Mutual's Stephen Snowden tells Mark Colegate of Asset TV why there are still reasons to buy corporate bonds

Old Mutual’s Stephen Snowden remains upbeat on the outlook for credit despite the strong returns seen by the sector since it hit an all-time low at the start of 2009. He talks about where he is finding value in specific credits, which parts of the market are overvalued, what the latest banking regulations mean for corporate bonds and why it makes sense to buy asset-backed securities. This fund had a really strong 2009 and 2010. Is it beginning to run out of steam? There were unusual circumstances at the start of 2009 where credit had become the cheapest it had ever been in history. S...