Giant bond funds could trigger next crisis – GLG’s Mawby

Giant daily dealing bond funds and ETFs could cause the next crisis, GLG’s top fixed income manager says

mawby-jon
Jon Mawby, GLG

The next financial crisis could be sparked by the rise of giant daily dealing bond funds and exchange-traded funds (ETFs), according to GLG’s top-performing fixed-income manager, Jon Mawby.

The largest bond funds around the world have had to deal with an environment of falling liquidity since the financial crisis of 2008.

With that in mind, Mawby says the increasingly short-term nature of many investors – coupled with the huge increase in flows to funds offering daily liquidity – could spark the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here