OBSR's Richard Romer-Lee likens recent carnage throughout the credit markets to a James Bond car-chase scene
While equity market volatility is grabbing the lion's share of the news headlines on a daily basis, it is worth dwelling on the situation in fixed income. There has been unprecedented chaos in the credit markets. We know we are in remarkable times when we look at a corporate bond fund portfolio and returns from individual positions look more like those of emerging market equities. According to Lipper, the IMA Sterling Corporate Bond sector average has fallen by 12.5% since the beginning of the year to 15 October. The worst fund has fallen by 22.7% over this period. These are investmen...
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