German fund buyers climb risk ladder
Investors in Germany are aware of an inconvenient truth: to have a reasonable chance to achieve their return targets, they need to take more risk.
Fixed Income
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What are bond investors thinking
German borrowing costs over five years fell into negative territory for the first time on Thursday, as demand for German bonds continued unabated.
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Investors flock to low-risk bonds
Morningstars December fund flows exposed an appetite gap between investment grade bonds and higher yielding, riskier bonds.
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Are Portuguese fund buyers setting a trend
A significant minority of Portuguese fund selectors have decided to shed their exposure to developed market corporate and government bonds completely, in response to near-zero yields. Will the rest of Europe follow suit?
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Fund flows figures expose high yield outflows
High yield bonds registered a record 7.3bn in net outflows in December, according to Morningstar’s latest fund flows data. European investors reacted strongly on a momentary market correction that month.
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Catalan investors at odds with fund managers
Fund selectors in Barcelona are convinced Spanish bonds are overpriced. But bond fund managers brazenly told the crowd that they will edge even lower, at least in the short term.
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Investors flock in global currency bonds
European fund buyers have found their way back into global currency bond funds, which can invest across the bond universe while making specific currency bets.
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Bond sentiment converges towards neutrality
According to the latest data gathered by EIE, Pan-European net sentiment (buyers minus sellers) is converging in the direction of zero for all bonds.
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rethink fixed income
While calls for the death of the bond bull market may have receded, return expectations have changed, as have the types of products being created.
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Government bonds did fund managers
Even French 10-year bond yields are trading below 1% now. Did fund managers see that coming, or were they caught by surprise?
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Is 2015 the year sovereign bonds stop working
Investors in developed market sovereign bonds have had a very disconcerting year. But, just how different will 2015 be?
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European bond investors look for safety
European investors pulled 5.3bn out of high yield funds in September, while they propped up their holdings in investment grade corporate bonds and long/short debt.