high yield

Four bond managers reveal the key challenges for fixed income

James Mitchell, portfolio manager in global fixed income for Russell Investments, analyses the key risk factors for the high yield market as the Federal Reserve moves closer to raising rates.

Royal London Asset Management's Azhar Hussain has said that more opportunities in European high yield are now emerging, with macro events having little impact on yields.

Invesco Perpetual's fixed income team have said the sector faces "strong headwinds" for some time as summer volatility returns, and markets anticipate interest rate hikes.

To circumvent the interest rate and the liquidity risks in high yield, Olivier Debat, senior investment specialist, global & absolute return fixed income, at Union Bancaire Privee, looks at if CDS indices are the answer

Caspar Rock, head of Architas Multi-Managers

HSBC Global Asset Management's Caroline Hitch is reducing exposure to equities in favour of credit in the firm's $8bn World Selection portfolios as she fails to find "compelling" valuations for shares.

The M&G Episode Income fund has seen a substantial shift in asset allocation over the past 12 months, boosting returns to drive it up the sector rankings.

Invesco Perpetual has promoted Asad Bhatti to join Paul Causer and Paul Read in managing the firm's high yield fund.

L&G Investment Management has appointed Omar Saeed as a senior fixed income manager.