FINANCE NEWS: High-yield bonds in US set to give good return, says Baring

US high-yield corporate bonds will deliver strong returns in the second half of the year, according to investment manager Baring Asset Management - unless the US moves into a double-dip recession.

The firm believes that last week's deadline for the chief executives and finance officers of Fortune 500 companies to certify the financial reports of their companies will strengthen market confidence.

"The market has weakened as bad headlines regarding corporate America have continued to roll out and investors have withdrawn funds, but the companies themselves have reported little bad news,

said Baring's credit fund manager Toby Nangle.

Baring expects high-yield corporate bonds to outperform US government bonds.

Paul Grice, Baring's director of UK institutional business, said that bonds provided healthy diversification in the context of market volatility.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners


Expert Hub

Insurance advice from Markel

Guide: What insurance does your charity need?

Guide: What insurance does your charity need?

Partner Content: Presented By Markel

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now