Kames' Ennett: Where are the opportunities in a mature credit market?

High yield manager

clock
David Ennett of Kames Capital
Image:

David Ennett of Kames Capital

2018 is shaping up to be a key year for the high yield bond market, writes David Ennett, head of high yield and co-manager of the Kames High Yield Global Bond fund.

In 2017, the market effortlessly shifted from 'recovery mode', following the 2015-16 'shale energy' crisis, to rallying in conjunction with the global expansion we see around us.  As a result, investors will enter 2018 contending with the offsetting influences of tight valuations against improving macroeconomic - and therefore corporate - fundamentals. Kames unveils short-dated high yield fund for Ennett and Baines How do we see these competing factors playing out in 2018? We think the big beta-driven moves of 2016 and early 2017 are behind us.  We expect to see a modest amount ...

To continue reading this article...

Join Investment Week

  • 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 Bonds

The ETFs aim to overcome traditional yield shortfall by using multi-factor investing.

Invesco launches two ESG credit ETFs

Invesco has launched two new ESG ETFs that provide investors with access to investment grade fixed-rate euro-denominated unsecured corporate bonds from global issuers.

clock 29 June 2022 • 2 min read
iMGP Global Concentrated Equity fund

iM Global Partner launches global equity fund with Scharf

Same approach as Global Opportunity fund

clock 23 June 2022 • 1 min read
Industry Voice: Green bonds - a powerful way to take climate action

Industry Voice: Green bonds - a powerful way to take climate action

Did you know that investing in green bonds is one of the most powerful ways to make a climate-positive impact ? Learn why green bond proceeds are putting the planet first.

Amundi ETF
clock 23 June 2022 • 8 min read
Trustpilot