Standard & Poor's has said a ‘perfect storm' may be brewing in corporate credit markets if a global economic downturn combines with credit rationing to thwart corporations' $46trn refinancing needs.
Schroders has bolstered its fixed income team with the appointment of four emerging market debt managers.
Old Mutual Asset Managers' Christine Johnson, manager of the £483m Corporate Bond fund, asks whether investors would be sensible to hold 'risk on' and 'risk off' fixed income assets in the same portfolio.
Kames Capital's investment grade bond managers Stephen Snowden and John McNeill have accused regulators of making the credit crunch even worse by imposing too many restrictions on banks too soon after the financial crisis.
Issuance in the US corporate bond market has reached record levels in the first quarter of 2012 as low borrowing costs and an improving economic backdrop spurred on borrowers.
Retail investors are continuing to flock to fixed income funds, topping up their positions by over £500m last month, despite the rally in equities.
A look back over the best and worst performing asset classes over the last ten years offers few clear answers as to where the canny investor should have put their money.
PIMCO and Source have launched a product giving investors in Europe physical access to the short dated end of the high yield universe for the first time.
Schroders' corporate bond manager Adam Cordery expects fund managers will typically hold an average 10% in cash in the future, as liquidity in the market dries up.
BNY Mellon has launched an Emerging Markets Corporate Debt fund to tap into what it sees as the next major structural development in emerging market investing.