Gosling's Grouse: Bond begrudgers

GOSLING'S GROUSE

clock

The bond begrudgers had something to crow about with the news bonds had their worst month in 20 years in May.

I call them this because ever since the collapse of Lehmans there has been a section of the investment community who have begrudged giving bonds their ‘day in the sun’. As it happens, that day has lasted five years, but now the begrudgers probably feel vindicated the great wheel of investment sentiment has turned away from fixed income and back towards equities. Part of me thinks this is because it is harder to be a successful bond manager than it is to be a successful equities manager. Let us be honest, any idiot could make money in a raging bull or momentum-driven equity rally. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

7IM's Ben Kumar: When behavioural biases are not all they seem

7IM's Ben Kumar: When behavioural biases are not all they seem

Investment identity more important

Ben Kumar
clock 02 July 2025 • 3 min read
Aegon AM launches UK-domiciled global income fund

Aegon AM launches UK-domiciled global income fund

In response to client demand

clock 27 June 2025 • 1 min read
CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Charlotte Ryland and Joe Hawkes
clock 26 June 2025 • 4 min read
Trustpilot