The manager of Aviva's £1.6bn Corporate Bond fund has been reducing risk in the portfolio in the view bond markets will be affected by ongoing macroeconomic uncertainty.
PSigma's Bill Mott has positioned his £452m Income fund with a bias towards defensive high yield sectors, which he says have never offered such compelling value.
Some parts of the high yield bond market do not have all the default risk priced in, warns Invesco Perpetual's Paul Read.