fixed income

In the latest Big Debate, our panelists from Legg Mason and Rathbone Unit Trust Management discussed Fixed Income.

Fund managers have raised cash levels in their equity and bond portfolios to levels last seen at the height of the Lehmans crisis as valuations in risk assets hit extremes.

US FISCAL CLIFF

Equity fund flows surged to €1.91bn in September, the first positive monthly figure since February, Morningstar's latest European fund flows data has shown.

Old Mutual Asset Managers' head of fixed income Stewart Cowley has predicted a sterling crisis could unfold if the coalition government relaxes its austerity drive.

M&G Investments is to change the name of Ben Lord's £339m M&G High Interest fund next month to reflect its new investment approach.

Janus Capital has launched a Global Flexible Income fund for managers Gibson Smith, Darrell Watters and Chris Diaz.

Net retail sales for August plunged to their lowest level since October 2008, new IMA statistics show, dragged down by record outflows from the UK All Companies sector.

J.P. Morgan Asset Management's Alain Nsiona Defise has joined Pictet's fixed income team as head of emerging credit.

Fixed income managers have expressed concerns a new bubble may be forming in higher-rated corporate bonds as investors pile into the asset class.