fixed income

'Investors should expect nothing from bonds’

First State has expanded its range of fixed income products with the launch of a global interest rates and currency fund.

Fidelity Worldwide Investment has overhauled the remit of Peter Khan and Ian Spreadbury's Global High Yield fund in order to diversify away from the US and increase exposure to emerging markets.

The upcoming Scottish referendum may be providing an unexpected boost to the index-linked gilt market as a lack of supply and investor caution fuel a strong rally in the space.

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.