By Kenneth Baler, a fund manager at Baillie Gifford Bond fund managers have attracted an unusual...
By Kenneth Baler, a fund manager at Baillie Gifford Bond fund managers have attracted an unusual level of interest in investment firms lately. Once looked on as a dull backwater the terminally risk-averse bonds are now in their third calendar year of outperforming equity markets. Many investors are now increasing exposure to bonds and reducing equities. Corporate bonds, in particular, are attracting considerable attention. And why should they not? Are they not the perfect investment for these times? Predictable revenues and far fewer worries about valuation than equities. Infla...
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