The safest place to invest in a volatile world?

POPCORN

clock

Christine Johnson, manager of the Old Mutual Corporate Bond fund, explains the factors behind the sudden rush into the high yield space.

Money has been flowing into high yield, which reflects a recognition that the asset class has lot to offer in the current environment. According to EPFR Global, $5.6 billion in net new money came into European high yield this year (to the end of Feb), a rise of nearly 8%. Over the same period, $6.3 billion came into European investment grade corporate bonds, an increase of around 4%. Why the sudden rush? Given the political cliff-hangers seen last year I am not going to rule out total world collapse, but my central scenario is less aggressive. Growth is not wonderful and may slip in...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Rathbones looks for growth after year of internal focus during Investec merger

Rathbones looks for growth after year of internal focus during Investec merger

Growth in funds under management and administration to £115.6bn

Eve Maddock-Jones
clock 15 January 2026 • 3 min read
Brooks Macdonald returns to positive flows in Q2

Brooks Macdonald returns to positive flows in Q2

Funds under management/advice now top £20bn

Jenna Brown
clock 15 January 2026 • 2 min read
PA Awards 2026: Multi-asset shortlists revealed

PA Awards 2026: Multi-asset shortlists revealed

Championing excellence

Professional Adviser
clock 14 January 2026 • 2 min read