Christine Johnson, manager of the Old Mutual Dynamic Bond fund, assesses the long-term argument for sticking with fixed income.
Every sub-culture has its own language. Prison populations and the medical profession have their own vernacular, as do teenagers and investment professionals. In these languages there are words of praise and words invented as a very specific form of insult, honed to reflect some characteristic held in low esteem by the worthy denizens of the group. My knowledge of these terms for the criminal and medical worlds is derived entirely from the television, and as for teenagers, I have no idea. But I like to think I know a few choice terms in fixed income. Chief among those we have been hearin...
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