Jeremy Wharton, manager of the £175m Church House Investment Grade Corporate Bond fund, has increased his allocation to floating rate notes (FRNs) from almost zero at the start of 2014 to 30%, as a means of protection against future interest rate rises....
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.
Scott Service, global bond manager at Loomis, Sayles & Company, explains why reduced liquidity for corporate bonds and a 'plethora' of new regulations has forced the team to lower risk levels on portfolios.
Mirabaud Asset Management has poached a four-strong fixed income team to work alongside head of high yield Andrew Lake.
M&G corporate bond fund manager Stefan Isaacs finds discussion of high yield headwinds strangely absent from a recent conference.
Kames Capital's Euan McNeil and Stephen Snowden have identified three key catalysts that would cause the managers to move risk off in their £419m Investment Grade Bond fund before the end of the year.
Kames Capital bond manager Stephen Snowden said liquidity in the investment grade corporate bond market has fallen 80% since 2007, which could create difficulties for managers trying to manoeuvre out of larger positions in this space.