fixed income

The high yield market has got a little ahead of itself, leaving the outlook for the rest of the year looking less rosy, says M&G's Stefan Isaacs.

Kames Capital is planning to launch an "aggressive" rates fund to prepare for an eventual increase in interest rates on government bonds.

Ian Spreadbury's £3.5bn Fidelity MoneyBuilder Income fund has widened its remit to allow the manager to buy non-sterling corporate debt in a move to boost liquidity and performance.

T. Rowe Price has hired Arif Husain, director of European fixed income and UK and portfolio management at AllianceBernstein, as its new head of international fixed income.

Fidelity's Peter Khan discusses his outlook for high yield bond markets.

FIXED INCOME

Scottish Widows Investment Partnership (SWIP) has promoted Dan Daldry to co-manage its Absolute Return Bond fund alongside James Carver.

The IMA has decided not to modify its sector rules governing fixed income funds' currency exposure, Investment Week understands.

Kames Capital has bought into the record $17bn corporate bond issue unveiled by Apple yesterday, saying the deal "has to be a buy" - but other fund managers are not so sure.

Lakshman Harendran, member of the global convertible bond team at RWC Partners, argues that convertibles are an ideal investment for today's high-risk, low-yield environment.