fixed income

Loomis Sayles & Company, a subsidiary of Natixis Global Asset Management, has launched an absolute return bond fund.

Fidelity's bond manager Ian Spreadbury is running a chunky underweight to bank debt in the view it is particularly at risk from the threat of a double-dip recession.

Henderson has promoted Ben Pakenham to the role of lead manager on the £151m Henderson Extra Monthly Income fund, replacing James Gledhill.

COCO MARKET SET FOR RAPID GROWTH

Sales of Global Growth funds on Cofunds hit a record high in January as advisers turn to equities for income at the expense of bond funds.

SWIP is planning a raft of new products to follow the establishment of its US fixed income base.

Schroders has launched the ISF Global High Income Bond fund, offering a high level of income by investing in emerging market sovereign, corporate and developed market high yield debt.

Bond sales have hit record levels in US markets in the first two weeks of the year, with about $67bn (£42bn) of new bonds sold, according to Thomson Reuters.

The managers of Cazenove's newly launched Diversity Income fund have warned they may prioritise downside capital protection during volatile markets, meaning they could miss their 4% yield target.

OMAM BOND BLOG