Yield to temptation

  The resumption of more normal market conditions in the last 12 months has enabled riskier assets that had been oversold during the credit crunch to make a strong recovery. In terms of fixed income the main beneficiaries have been the high yield and investment grade corporate bonds, which have tended to outperform the equivalent government issues.  The other main source of return has been from currencies, with UK-based investors benefitting from exposure to safe areas like the US and Canadian dollars, as well as to fast growing regions such as the emerging markets. This has allowed t...