Investment grade bonds outperform

By Anna Lees-Jones, manager of the M&G Corporate Bond Fund In today's turbulent financial market...

By Anna Lees-Jones, manager of the M&G Corporate Bond Fund In today's turbulent financial markets, any asset class that can be relied on to produce a steady return deserves to be highly prized. Investment grade corporate bonds, like gilts, have continued to fulfil this role during the first half of 2002, although they have attracted much less attention than last autumn when pension fund switching from equities into bonds was briefly headline news. Institutional demand for good quality corporate bonds remains strong. Indeed, demand exceeds supply in some areas, especially for ...