These are hazardous times for investors in the UK, particularly those seeking sustainable income, writes Saracen's Scott McKenzie.
Fund managers reveal telecoms, housebuilders and retail as some of the sectors they believe will be able to continue their strong run in 2016, alongside the trouble spots.
In the second part of this special Big Question, managers assess the risks and rewards of investing in this sector in the current climate.
Lombard Odier IM's Kevin Corrigan explores opportunities in the 'crossover' credit zone - a lesser-loved group of corporate bonds rated BBB and BB - which sit either side of the divide between investment grade and high yield bonds.
The jury is out on emerging markets right now, and investor sentiment is as volatile as the countries and regions themselves argues Spike Hughes, CEO of Cohesion Investments
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*.