fixed income

Emerging market debt has been one of the more lively sectors over the past year, with a sharp sell-off in 2013, but are there any opportunities for managers now?

Hermes has appointed Zoe Shaw as head of fixed income to create a range of specialist credit products.

CONVERTIBLE BONDS

Stock markets recovered from last week's bout of anxiety this morning as geopolitical concerns eased, with safe haven bond yields climbing and shares rallying.

Former Ignis Asset Management head of credit Chris Bowie is to join TwentyFour Asset Management as the boutique builds on recent success in the fixed income space, Investment Week can reveal.

Argentina defaulted on its debt payments late last month after talks between a group of bondholders and the country collapsed, but it is not the only emerging market which looks vulnerable to a financial shock.

PIMCO's giant Total Return Bond fund - headed up by Bill Gross - suffered outflows in July, clocking up its fifteenth straight month of withdrawals, according to new data.

The threat of rising interest rates to investors' portfolios - in particular their fixed income positions - is becoming more apparent, but can more niche areas like senior secured loans protect them from losses?

BONDS

Towers Watson, one of the UK's largest pension fund investment consultancies, has issued a stark warning to clients urging them to consider reducing their exposure to corporate debt.