Peter Bentley

pg41-bentley-jpg

The tightening trend of credit spreads is making it a harder task for asset managers to generate returns from the asset class. The days of taking a broad-brush approach to the market and still outperforming are now a distant memory as European corporate bond total returns have shrunk from 7% in 2004 to 4% last year and by the end of August stood at a meagre 0.1%, according to Merrill Lynch. US figures are in a similar quagmire at 1.9% for 2005 and 1.8% year-to-date.

What's more, rising single

To continue reading...

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 indvidual account here: