Where now for corporate bonds?

Many fixed income investors could be forgiven for thinking they were in equity portfolios over the last three years. While Global Bond and Gilt fund holders kept their heads above water, the Sterling High Yield and Strategic Bond sectors suffered average capital value declines of 17% to 45%. Sterling Corporate Bond fund holders were hurt too due to their heavy reliance on bank issuances. The sector fell 16% from its pre-crisis peak, although many funds dropped further. In the two years to the market low of March 2009, Financial Express Analytics figures show Henderson Sterling Bond and O...