Spreadbury: bond markets riskiest I've seen

The manager of funds including the £3.3bn Fidelity MoneyBuilder Income fund and the group's £1.2bn Strategic Bond fund, said current trading conditions are the worst he has ever seen, as the fallout from the credit crisis continues to impact markets. "In nearly 30 years of investing, I have not known an environment as risky as the one today," he said. "Trading in the sterling corporate bond market is more expensive and difficult than before the financial crisis, and these conditions are unlikely to improve any time soon." In response to the market environment, Spreadbury has kept a...