Ignis offloads risk assets in Monday credit rally

clock

Ignis head of credit portfolio management Chris Bowie is using the strong rebound in risk appetite today to accelerate the group's de-risking in credit markets.

Bowie says the group could potentially offload £10m to £20m of risk assets today, more than the usual £2m to £3m, with most of Ignis' sales centred on long-dated senior financial debt. Risk assets are performing strongly today as investors were buoyed by news China may move away from the currency peg to the US dollar. "The rally today has allowed us to continue our current theme of de-risking the portfolios, as we expect the headwinds in the global economy to persist for some time," Bowie says. "We will be looking to reinvest the money in credit at some stage, but at a sector level...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Bonds

Almost all investors and wealth managers plan to increase high yield focus in next two years

Almost all investors and wealth managers plan to increase high yield focus in next two years

Stock market correction expected

Sorin Dojan
clock 07 July 2025 • 1 min read
Global ESG backlash has not eroded demand for UK green bonds

Global ESG backlash has not eroded demand for UK green bonds

This year's auctions oversubscribed

Sorin Dojan
clock 03 July 2025 • 4 min read
Federated Hermes launches Global Short Duration Bond fund just as asset class booms

Federated Hermes launches Global Short Duration Bond fund just as asset class booms

Responding to ‘increased investor demand’

Eve Maddock-Jones
clock 25 June 2025 • 2 min read
Trustpilot