Analysis

Credit markets have staged an exceptional rally in recent months. The US corporate bond market, for instance, registered record relative returns compared to US Treasuries in April and May (based on the Barclays Capital US Credit Bond Index).

Global Bond managers nominated in last year's Fund Manager of the Year Awards continue to outperform despite tough sector conditions

Quality managers stand out in tough European market, where the average portfolio fell 22% over 12 months

JOHCM UK Equity Income managers maintain slight overweight on cyclicals in anticipation of beginnings of recovery

Asset class could see a correction of 10% in next few months as inflows top all other sectors

Rensburg UK Managers' Focus Trust manager ascribes lift in returns to sector turnaround

Risk misconceptions harmed securitised debt asset class after sub-prime crisis, causing an exodus of investors

Managers in disparate UK All Companies sector see fortunes vary with cyclical-focused managers having led the charge from earlier struggle

Invesco Perpetual manager convinced bear market views will win out, citing flawed theories in current cyclicals trend.