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.

Kira Nickerson discovers that some fund managers are beginning to re-examine this previously unpopular asset class.

With banks and brokers under pressure to raise capital levels and reduce risk in the aftermath of the credit crisis, many trading activities have been substantially (and permanently) cut back.

Standard Life Investments' head of credit Andrew Sutherland is to retire from the group after a 30-year career.

ABSOLUTE RETURN

UBS Global Asset Management is launching the UBS Sterling Corporate Bond Indexed fund, its first passive fixed income fund for the UK wholesale market.

Equity funds saw their highest net retail sales for nearly two years in February, the Investment Management Association (IMA) said today, with net inflows of nearly £1bn.