By Mike Turner, fund manager at Edinburgh Fund Managers Returns in UK fixed interest market over...
By Mike Turner, fund manager at Edinburgh Fund Managers Returns in UK fixed interest market over the past year have once again proved competitive, outperforming both cash and equities. This is surprising as the economy has spent most of the year recovering from the downturn of 2001. Indeed, inflation hit a trough back in December at 0.7%, although the underlying rate reached its lowest level in June at 1.5%. This year's bond market returns have been determined by the performance of the stock market. The volatility in stocks has been replicated in credit markets, with the daily...
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