corporate bonds

Investment Week Conjecture

The asset management industry has mixed feelings about the long-term threat exchange traded funds pose to index-hugging unit trusts and Oeics

Axa Pan Euro High Yield leads way as average fund in peer group gains 5.5% over past year to 1 January

Corporate bonds posted a strong performance in 2009 (c. 15%), more than recovering the losses of 2008, and have dramatically outperformed equities over the last decade.

Prospects for the global economy remain unclear. Despite a positive response to stabilisation measures introduced by G20 governments, the challenge now is how to exit from the enormous stimulus packages while maintaining recovery

On the whole, 2009 is likely to be remembered as an extremely good year for risky assets, with equities as well as corporate bond markets posting stellar performance, albeit not without considerable volatility.

Over the last few weeks I have been spending a lot of time leafing through the details of the IMA's annual industry surveys in search of some big new trends.

In recent months, the corporate bond market has been firmly in positive territory. Relevant indices have risen to their highest levels of 2009.

Thames River manager believes while fever pitch within peer group may be over, an elongated credit cycle means plenty of opportunities remain

After the losses suffered in 2008, this year has proven something of a pick-up, with investors developing sharper defense mechanisms in the wake of the credit crisis. But what is providing the momentum driving investors into 2010?