PA Video Insight: Fixed income opportunities abound if you look hard enough

Added 28th October 2016

Despite lofty valuations in certain parts of the market, there remain opportunities if one is willing to do the credit work.

According to Mark Munro, investment director, fixed income at Standard Life Investments, while many are of the view that everything within the fixed income market is expensive, there are opportunities, “you just have to look harder and further”.

One example of this, he says, is within old style tier one bonds within the US market, which are likely to be called by the banks within the next two or three years.

“These are the old style tier ones, not the AT1’s or Cocos, the regulator is telling them to do it [redeem them] and they are still yielding anywhere from 4 to 6% so if you take the time to do the credit work, there are some good pickings.”

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About Author

Gary Corcoran

Director

Portfolio Adviser & International Adviser

Gary Corcoran is the editorial director for Portfolio Adviser, International Adviser and Fund Selector Asia. He is also programme director and chairman for events hosted across the UK, South Africa, Middle East and Asia. Gary joined Last Word Media in August 2006 as the launch editor of Portfolio Adviser, having previously worked at Bacon & Woodrow, Legal & General, FT Business and MSM International.

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