Low returns from bonds in medium term but fundamentals are intact

Fixed income bolstered by low defaults and minimal volatility levels

This week's Conjecture hosted by James Tew from Standard & Poors focuses on fixed income with Ian Robinson, director, UK credit at F&C, and Loïc Cadiou, emerging market bond portfolio manager at Crédit Agricole Asset Management, taking part in the debate. Will fixed income be a lucrative investment area over the next six to 12 months? Loïc Cadiou (LC): We tend to think that fixed income offers very bad risk returns at this stage with a time horizon of six months because curves are flat in some places. Investors are not really remunerated for the risks they are taking unless they take a ...