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Focus turns towards high yield debt

 
Benjamin Conquet, BNP Paribas Investment Partners

The all time highs enjoyed by corporate bonds over the past couple of years may be over, but the sector still offers attractive yield-based returns.

Bond returns have been fantastic for the last two years, with high yield delivering over 60 per cent in 2009, and a still-attractive 15 per cent last year. Any remaining scope for spread contraction is therefore limited, and the market has consequently become yield-based, with fund managers managing down their clients’ expectations towards mid-single digit returns.

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From Archive

Putting Zurich and London under the microscope

Zurich
Ray Soudah
Head of Swiss-based M&A consultancy Millenium Associates

After being severely, but not fatally, wounded in the spring of 2009, Switzerland will bounce back and rule supreme over all other international centres, including London, as the premier financial marketplace for wealth management service providers and clients alike.

 

 

From Archive

Are structured products back on the table for private clients?

Having been hit hard by the fallout from the financial crisis, what role do structured products have in private client portfolios? PWM invited eight leading figures to debate the state of the market.

 
From Archive

What is the right approach to financial regulation?

 

 
Guillaume Prache, Managing Director at EuroInvestors

EuroInvestor's Guillaume Prache and Kim MacFarland from Investec Asset Management discuss the increasing levels of regulation facing the financial world

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From Archive

Turning long-term trends into sustainable profits

The increasing demand for luxury brands and an ageing global population are two long-term trends that thematic funds are looking to target.

Investing in global themes is increasingly seen as a convincing alternative to the traditional asset allocation approach by regions and sectors and well suited to a highly interconnected world economy.

From Archive

Reconditioning hedge funds

The hedge fund world is changing, both in terms of the business models and products on offer and in the types of investors they are looking to attract.

 
Joe McDonnell Morgan Stanley
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From Archive

European funds industry readies itself for Kiid

The Key Investor Information Document is a major component of the upcoming Ucits IV directive, but it brings a number of challenges for the industry.

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From Archive

Turning long-term trends into sustainable profits

The increasing demand for luxury brands and an ageing global population are two long-term trends that thematic funds are looking to target.

From Archive

Speculative investors take profits and run

Increasing demand for commodities over the long-term seems assured, but fears over a slowing global economy are leading to extremely volatile prices.

From Archive

Are structured products back on the table for private clients?

Having been hit hard by the fallout from the financial crisis, what role do structured products have in private client portfolios? PWM invited eight leading figures to debate the state of the market.

 
Rountable

The Startup Show: 3AI

Artificial intelligence is about to transform an asset and wealth management industry not previously known for its dynamism, 3AI CEO Jacob Ayres-Thomson tells PWM's Yuri Bender

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