Investec multi-asset pair highlight key themes for 2011

Investec multi-asset managers Philip Saunders and Max King outline seven key themes for investors in 2011:

Corporate credit: spreads should narrow further Higher yields on government bonds would be a significant headwind for corporate bonds but rising corporate profits and balance sheets should lead to credit upgrades. This is likely to provide reasonable opportunities in medium and high yield, while there is a strong rationale for spreads on high quality multi-nationals turning negative. Emerging market currencies and debt are still attractive Local currency emerging markets debt has been discovered as an asset class and suffered a recent short-term setback alongside developed market b...