What's Hot? Baillie Gifford's Stephen Rodger on his attraction to BBB bonds

Can you describe your investment process? We run a stock-picking fund and invest in a combination of investment grade and high yield bonds. We are attracted to bonds around the BBB/BB area. We run three broad corporate bond funds at Baillie Gifford. Our Investment Grade Bond fund is a less risky proposition as it owns more highly-rated bonds. We also run a High Yield Bond fund. On the risk spectrum, the Corporate Bond fund sits somewhere in the middle. We describe it as the best ideas solution. We look globally to source our ideas. We are happy to buy US, euro or Asian bonds and hed...