Bonds

A long Europe position has helped offset an otherwise "brutal year" for the Old Mutual Global Strategic Bond fund, according to manager Stewart Cowley.

The ethics of bond investing

The CoCo conundrum

CoCos off the menu

The changing rules of global monetary policy

Debt levels remain extraordinarily high, and UK growth is being driven by debt-fuelled consumption and the wealth effects of overheating residential property, says Miton's Eric Moore.

Diverging fortunes for government bonds and credit in recent weeks have prompted some fund buyers to suggest strategic bond portfolios could flourish again in the coming months.

The golden age of exceptionally low bond volatility is drawing to a close, and investors would be wise to lock in any handsome profits before monetary policy shifts, explains Lombard Odier's Grant Peterkin.

The single biggest challenge facing markets is normalisation of monetary policy, but although central banks are urging caution, markets are ignoring the warnings, argues Jupiter's Miles Geldard.

Evaluating risk