fixed income

Jim Leaviss, head of retail fixed income at M&G, said the UK is facing the prospect of a US-style fiscal cliff within the next five years.

Investors in some of the UK's worst funds have been urged to dump ten serial underperformers from their portfolios in a study by Chelsea Financial Services.

Hedge fund managers have been increasing their short positions in sterling amid fears the currency is set to depreciate further as investors flock to the euro.

Old Mutual Global Investors (OMGI) has cut the charge on Christine Johnson's £452m Old Mutual Corporate Bond fund and renamed its UK-domiciled equity range.

Old Mutual Global Investors' (OMGI) Stewart Cowley believes the so called ‘great rotation' out of fixed income and into equities has as yet failed to occur.

Henderson has hired a team of US credit specialists with a view to building out its offshore US product range.

The start of 2013 has brought some new year cheer to equity investors, with the FTSE 100 set to record its best January for decades as stock markets around the globe continue to rise.

Assets under management in the UK funds industry reached a record £658bn in 2012 and, although fixed income dominated overall sales, equities ended the year as the best-selling asset class.

Natixis Global Asset Management has launched its first offering under a newly set up OEIC umbrella, the Loomis Sayles Strategic Income fund, as part of the group's plans to make more funds available to the UK retail market.

PIMCO has made its global multi-sector bond strategy available to UK retail investors for the first time.