Jeremy Wharton, manager of the £175m Church House Investment Grade Corporate Bond fund, has increased his allocation to floating rate notes (FRNs) from almost zero at the start of 2014 to 30%, as a means of protection against future interest rate rises.
He said investors should be aware of the risks posed by rising rates, as well as a lack of liquidity in the corporate bond market, particularly in high yield. "It may not be the right place to be at...
The US dollar is close to peaking and the risks now seem to be on the downside.
Latest news and analysis
Fallout from Haywood suspension
Songs from writers Johntá Austin, Sean Garrett and Rico Love
Strategic public equity