It has been difficult for bond funds of any kind to shine against the recent dull background. Equiti...
It has been difficult for bond funds of any kind to shine against the recent dull background. Equities have stolen all the performance prizes for the year to date, while concerns over the possibility of rising US interest rates have blighted sentiment towards government stocks and corporate bonds in all other major international markets, including the UK. New investors in corporate bonds can be forgiven for wondering why the comparatively easy gains achieved in 1998 have not so far been repeated in 1999. Perhaps their time horizon was a little too short term. There are some key factors t...
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