What is ahead for fixed income investors this year?

FIXED INCOME

John Stopford, co-head of Investec Asset Management's fixed income and currency team, shares his outlook for 2013.

From a secular perspective, the environment since the global financial crisis has proven supportive of income-producing assets. It appears likely that this will remain the case over the medium-term. A structurally lower global growth environment and relatively swift adjustment to a changing demographic landscape is currently underway within several core developed market economies. This is set to deepen over the next five years and these factors are likely to provide on-going support to yield assets. However, primarily as a consequence of excessive and unconventional policy interventio...