global bonds

Fixed income investors should be paying close attention to 'Fallen Angels' - these are bonds that are downgraded from BBB- and, as a result, come tumbling out of the investment grade credit market.

The global financial crisis, and the related policy response, is drawing to a close. We are currently enjoying a short period of synchronised global growth and improving trade.

Unwinding of deflation risks more worrying

Russel Matthews of BlueBay Asset Management

10-year Treasury yields widened to 2.73%

ESG factors taken into consideration

Financial markets are heavily distorted by the unprecedented market presence of central banks. Markets have become extremely sensitive to changes in central bank actions.

Strong recovery in Europe

Maximum six year duration

Two income funds; two multi-asset