What are the challenges for bond investors as hunt for yield pushes them into riskier areas?

Managers tell Investment Week about the difficulties of dealing with record low yields in traditional fixed income sectors, and whether areas such as emerging market debt are worth considering.

Mark Kiesel, CIO, global credit, PIMCO Cautious approach  Now is not the time to be reaching for yield in most leveraged or commodity-related companies. We see populism and politics leading to increased risk in the market so remain extremely focused on portfolio positioning. We are more cautious on lower-quality assets compared to six months ago, when we saw value in commodity-related sectors such as energy and metals and mining. These companies have since experienced a significant rally due to the rebound in commodity prices, and balance sheet-strengthening measures, but are exposed...