View more on these topics

Recovering companies boost bond funds

For the first time since 1998 corporate debt upgrades outnumbered downgrades last year. A record 39 companies regained investment grade status, dubbed rising stars by Fidelity, as companies repaired their balance sheets and the outlook for corporate earnings improved.

BskyB and Vivendi Universal were among recovering companies in the European market, both of which were marked down to sub-investment grade status by Fidelity in 2003.

The anticipated upgrade for Vivendi Universal led to the spread, the extra yield over government debt – narrowing by 85 points between January 2004 and its upgrade in June 2004. Since that time spreads have narrowed an additional 68 points.

Recommended

Performing arts

Allenbridge Group began 20 years ago as an investment performance analyst for high-net-worth clients and now teaches the nouveau riche to handle their wealth, as well as providing Isa and Fof advice for the less affluent.

A consumer’s view

The recent rise in short-term mortgage arrears could be the precursor to a much more serious situation.

Standard Life launches research booklet

Standard Life has launched a booklet aimed at explaining the advantages of using software or internet based research systems to adviser firms.The booklet, entitled Research Tools, is the third in a series of seven technology guides produced by the company.The guide covers specialist areas such as mortgages, pensions, investment and portals and includes comparison tables […]

Charcol offers new mix and match mortgage

Charcol is offering a mix and match mortgage which combines a five-year fixed rate with a lifetime offset tracker.The five year fixed rate is available at 4.8 per cent, 6.1 per cent APR. This can then be mixed with the tracker with initial pay rate of 4.65 per cent, 5.4 per cent APR.Only one arrangement […]

Reforming India: just the beginning

By Kunal Desai, Neptune India Fund

As global investors continue to scour emerging markets through the lens of reform potential, India shines bright. Indeed, we think it can sparkle even brighter. We anticipate India’s self-imposed 10-year ‘policy holiday’ to turn into one of the most pro-growth and pro-investment policy calendars seen in Asia in years. The Indian electorate has engineered a historic verdict. We now have the strongest Indian government since 1984, with the pro-market Bharatiya Janata Party (BJP) achieving an absolute majority for the first time in the party’s history.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment