Carl Stick, manager of the Rathbone Income and Heritage funds, explains why the future is looking rosier for many UK companies.
Floating rate loans became popular with investors as expectations of rate rises mounted, but inflows into these products have subsided as rate increases began to seem less imminent.
The Bank of England (BoE) and HM Treasury have announced a one-year extension to the Funding for Lending Scheme (FLS), with small to medium-sized businesses to continue to be the primary beneficiaries.
What to expect from a return to normalisation
Bank of England policymakers expect inflation to fall below 1% over the next six months, according to the latest quarterly Inflation Report.
New rules have been announced by the Financial Stability Board (FSB) that propose preventing large banks from being bailed out by the taxpayer.
Leading fund managers have become more cautious about their expectations for interest rate hikes, with many now expecting any movement in base rates to be postponed until at least 2016.