Don't swap equity bandwagon for bonds

'Credit is the new equity' is an expression which is beginning to gather momentum in the asset manag...

'Credit is the new equity' is an expression which is beginning to gather momentum in the asset management world and quite rightly so because some parts of the debt market are offering attractive potential. The short-dated Government market - UK gilts and US Treasuries in particular - look risky, although there is a decent case to be made for longer dated issues topped up with some emerging markets exposure for clients looking for a diversified portfolio producing a steady yield well above cash. It is generally agreed the corporate bond sector offers value at the moment and segments of t...