Old Mutual's Stephen Message has reduced the number of holdings in the £30m Equity Income and £24m Extra Income funds he inherited in November.
Old Mutual's Stewart Cowley has increased exposure to corporate bonds from 15% to 25% this year in his Global Strategic Bond fund, focusing mainly on the lower end of investment grade.
OMAM Global Strategic Bond manager mixes consistency with questions, using flexibility in a diversified portfolio to outperform his peers
Corporate bonds have recovered strongly over the last 12 months and we believe the recovery has further to run, albeit at a more moderate pace.
The near-term outlook for sterling credit continues to look positive, encouraged by an increasingly robust corporate sector, a slowly improving economy, and a favourable market environment.
Skandia Investment Group is adding an investment grade corporate bond fund to its Dublin-based range of single-manager products.
Despite the significant gains generated in bond markets in 2009, we believe the case for corporate bonds remains strong.