For income investors, a theme in 2015 was the number of dividend cuts among large- and mid-cap companies, writes Royal London Asset Management's Martin Cholwill.
Highlights 'derailed recovery'
Investors have plenty of reasons to be pessimistic and fearful of the corporate credit markets today, but there are bright spots as some energy company fundamentals are downgraded to junk*.
First move to end oil glut
Since the start of the year, the market has become exceptionally troubled by the price of oil. Although a falling oil price has historically been seen as a good thing, the severity of the decline has left many wondering about the possible repercussions....