Corporate Bonds

Corporate bonds have been this year's must-have investment with investors pouring some £3.6bn into them between December and March - as part of a mass flight to safety. The double digit yields have been seductive, although this reflected the market pricing in potentially high default rates. But does it still make sense to hold corporate bond funds in a clients' portfolio? If so are funds with UK, global or sector exposure the best bet? And given the recent rally in the stock markets aren't the prospects for equities now much more compelling? We asked our panel these questions and more. ...