By Sajiv Vaid, bond fund manager at Royal London Asset Management Within the fixed income universe...
By Sajiv Vaid, bond fund manager at Royal London Asset Management Within the fixed income universe during 2001, there has been one sector that has shone out and become firmly established as a market in its own right ' the non-gilt (credit) market. Reasons for growth in the sector are well known, in particular the support derived from the fiscal and monetary discipline of the UK government since 1995. Over this period, government finances as a percentage of GDP went from a deficit of 5% to an estimated 1% surplus for 2001, which meant a marked decline in gilt issuance. The decline 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