Concerns over profitability of corporate bond market

Legal & General product specialist Ian Hutchinson admits it is a difficult call to make but remains ...

Legal & General product specialist Ian Hutchinson admits it is a difficult call to make but remains adamant there are further profits yet to be made in the asset class. "There is a lot of speculation around corporate bonds at the moment, and widespread belief they are overvalued, but we don't agree. While corporate bonds have had a great run, we don't see the values that have enabled that changing overnight," he says. While interest rates and inflation have gone up, he feels neither has increased to a such a level they will significantly impact on the corporate debt market. Hutchinson ...