With the next ten years widely tipped to be a much bumpier ride for fixed income investors, Stewart Smith takes a look at what the biggest influences on performance will be...
The Investment Management Association (IMA) defines the Sterling Corporate Bond sector as that which includes funds investing at least 80% of their assets in sterling denominated (or hedged back to sterling) BBB minus or above corporate bond securities (as measured by Standard & Poor's or an equivalent external rating agency). This excludes convertibles, preference shares and permanent interest bearing shares (PIBs). This definition provides fund managers with a large degree of flexibility within which to apply their investment strategy, including: the ability to invest in foreign cur...
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