View more on these topics

Schroders goes global with high-income bond fund

Schroders is launching an ISF global high-income bond fund, investing in a blend of emerging market sovereigns and corporates and developed world high-yield bonds.

Global bond fund manager Warren Hyland will run the fund, supported by the group’s fixed-income team.

He will actively allocate assets between the three broad high-yield fixed-income sectors as well as actively managing currencies. Through a mixture of quantitative and qualitative analysis, Hyland will seek high income together with diversification benefits.

Schroders says emerging market corporate bonds have become a significant and popular asset class, driven by lower levels of leverage compared with the developed world.

But GLG Partners recently warned that dollar-denominated emerging market debt is in a bubble.

It also observed the majority of local currency emerging market currency debt derives its returns from the local currencies themselves.

The Brazilian government points out that these currencies may in some cases be overheating in the midst of an international “currency war”.



Advisers urged to lobby MPs on soaring FSCS costs

Advisers should lobby their local MPs over the increases to their Financial Services Compensation Scheme bills, according to Tenet distribution and development director Keith Richards. Some adviser firms have been hit with massive increases to their FSCS bills as a result of the £93m interim adviser levy, mainly to cover compensation costs relating to failed […]


Interest rates could rise next week, says Skandia

The Bank of England could raise interest rates by as early as next week, warns Skandia Investment Group. Rupert Watson, the head of asset allocation, says there is a possibility rates could be raised next week but admits it is more likely that any rate raises would occur in May. The announcement signals a reversal […]

House prices fall 0.2% in December

House prices in England and Wales fell 0.2 per cent in December, meaning the average house price now stands at £163,814, according to data from the Land Registry. On an annual basis, prices increased by 1.5 per cent from £161,373 to its current level. Five regions in England and Wales experienced increases in their average […]


CBI warns against breaking up banks

CBI director-general John Cridland says breaking up the banks will damage UK businesses. In its submission to the Independent Commission on Banking consultation, the businesses lobbying group says ensuring banks can finance a private sector recovery and support future growth should be the Government’s priority when reforming the system. Cridland (pictured) warns policymakers “acting in […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm