M&G's Woolnough: Where credit's due

In praise of investment grade

As global recession fears recede, investors are slowly coming round to the view that corporate bonds are worth a second look, writes Richard Woolnough, manager of the M&G Optimal Income Bond fund.

It is sometimes as useful to look at past surveys of the corporate credit environment as it is forward-looking ones. The fixed income investment themes investors need to take note of in Q1 Those who follow the global findings of the Conference Board will remember the biggest concern for industry bosses worldwide in January was the fear of a recession. Yet, for some months now, I have been baffled as to why the recession bandwagon has gathered momentum to the extent it has.  As an avid watcher of the credit market, it has been apparent to me a recession is unlikely to occur anyti...