fixed income

Despite its roots across the Atlantic, Franklin Templeton is best known in the UK as an emerging markets specialist and, since its acquisition of Rensburg, for its UK equity capabilities.

AXA IM is looking to launch a Universal Inflation Bond fund and an Emerging Market Short Duration fund this year as it extends its fixed income range.

Spanish borrowing costs soared following a €2.5bn auction on Wednesday, which failed to meet its target.

Guillermo Osses, manager of HSBC's $1bn GEM Debt Total Return fund, has reduced risk in his portfolio, expecting emerging market debt to pull back after a strong start to the year.

100-YEAR GILTS

The longest losing streak for 10-year US treasuries since 2006, coupled with a marked rise in other ‘safe haven' bond yields, poses some difficult questions for bond investors.

Legg Mason has added a fixed income fund to its UK onshore range, to be run by its US-based subsidiary Brandywine Global.

PIMCO's Bill Gross is moving from the offensive to the defensive as he calls time on the ‘total return' strategy he has pursued over the past three decades.

The £ Corporate Bond sector topped the IMA's best-seller list last month with net retail sales of £303m, the highest level seen since August 2010.

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