By Dylan Emery US corporate bonds are beginning to offer excellent value, according to Investec Guin...
By Dylan Emery US corporate bonds are beginning to offer excellent value, according to Investec Guinness Flight, which is increasing its weightings to the sector. Its offshore global managed fund has a nominal benchmark of 50% equities, 30% bonds and 20% cash. It has just reduced equities from 50% to 48%, boosted bonds from 29% to 33% and cut back cash from 21% to 19%. This has been combined with a lengthening in the average duration of bond holdings from 5.6 years to 6.2 years, moving the bond length further away from the 5.5 year benchmark. The group believes bonds offer reasonable v...
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