corporate bonds

It has been a monumental ten years for equity and bond markets, with the euphoria of the first half matched by the despair seen on the faces of traders in the second half, after one of the worst financial meltdowns ever seen.

Schroders' head of UK and European credit Adam Cordery has left the firm.

Invesco Perpetual's Paul Causer, Paul Read and Nick Mustoe have invested over 75% of their new Global Financials fund into banks, the fund's first monthly update reveals.

Smith & Williamson Investment Management is to add to its fixed income range with a Medium-Dated Corporate Bond fund for Ian Kenny.

Contrary to our earlier article ‘Are these bond funds too exposed to banks' the Ignis Corporate Bond fund is actually underweight the banking sector.

Investors continued to exercise caution in their asset allocation in May, with bond and money market funds the most popular and equity funds seeing their first net outflow in 2012.

Fixed income managers using credit default swaps as hedges are exposing themselves to 'very dangerous positions' due to price dislocation between the derivatives and the underlying market, said Kames Capital's Stephen Snowden.

Fidelity's Ian Spreadbury has said he is short German interest rate risk in the view that the eventual move towards a 'eurobond' solution will cause yields to rise.

Net retail sales of UK domiciled funds reached £2.1bn in April, the highest level since April last year and well above levels seen over the last nine months.

Stephen Snowden has begun adding risk to Kames Capital's £330m Investment Grade portfolio after risk assets fell to "ferociously cheap" levels.