Bond investors sleepwalking into duration risk
Two asset managers have warned that bond investors, particularly those in passive vehicles, are too exposed to duration risk without realising it.
Bonds
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Greece re-enters bond market after three years
Greece has returned to the bond market for the first time in three years after issuing its first five-year euro-denominated bond at a yield of around 4.75%.
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Fund buyers to extend emerging market debt binge
Emerging market bonds have been on a strong run this year, and Europe’s investors think the rally isn’t over yet.
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Brace for more volatility in US treasuries
The bulk of US treasuries are owned by the Fed and foreign investors. But this is set to change, and it could have serious consequences.
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ANALYSIS: Is it the right time to be piling into bonds?
Portfolio advisers have been looking at equity market valuations rather nervously for some time, tilting towards less risky assets, taking profits and holding more cash.
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UK investors pile into bonds and sell down UK equities
Investors piled into the IA Sterling Strategic Bond sector in May, while UK equity funds experienced a net retail outflow of £479m ($642m, €566m), according to the latest IA statistics.
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Indonesia’s tax amnesty boosts bond appeal
Indonesia’s tax amnesty brought in revenue, which lowered the fiscal deficit and enhanced the appeal of government bonds, says Allianz Global Investor’s David Tan.
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Mirae Asset launches Asia bond fund
Mirae Asset Global Investments in Hong Kong has launched an Asia bond fund, which aims to capture the most attractive opportunities within the Asian corporate bond space.
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JP Morgan: There is still opportunity in credit
After a recent survey found more than 80% of investors believed corporate bonds were overvalued, a JP Morgan portfolio manager has argued the case for keeping money in the asset class.
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How to profit from negative yielding markets
Bondholders have been penalised by traditional benchmarks that have failed to grasp the current reality of low and negative yields, First State Investment’s Jamie Grant has said.
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ANALYSIS: Fixed maturity funds – Has the opportunity passed?
2016 saw some highly successful launches of fixed maturity bond funds as investors took the opportunity to lock in attractive yields combined with reduced duration risk. But are such products still worth buying now, with credit spreads having sunk below their long-time average?
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Capital Group to launch US bond fund in Asia
Despite expectations of rising US interest rates, Capital Group intends to launch a bond strategy in Asia that targets investment grade US corporates.