18th April 2012

Fidelity fixed income webcast

In a webcast on the outlook for fixed income today, Andy Howse, Investment Director in Fidelity’s fixed income team, outlined why investors will need to be careful in their selection of corporate debt in the months ahead.

Fidelity’s analysis shows a slight deterioration in the ratio between downgrades and upgrades of corporate debt recently, following an improving picture over the last couple of years (see chart below).

coprorate fundamentals graph

Andy Howse comments: “It is nothing to be greatly concerned about – we don’t see this leading to defaults at the margin – but it does suggest things are probably as good as they are going to get. Corporate fundamentals do support the investment case for credit but investors will need to start being careful about what they buy in terms of both the individual names and the sectors they are exposed to.”

Listen to the full webcast.

Next webcast:

At 10am today, Aruna Karunathilake, Portfolio Manager of Fidelity FAST UK Fund, will give an update on the fund. 

Register

 

Investments

Registration

Free Registration and CPD

Read More

Related Articles_

Rathbones Asset Management - The Sharpe End podcast: Fresh Intel

A month into Andy Burnham’s tenure as Prime Minister, the team are asking what he could possibly do to turn the UK economy and stock market around. Next, we explore the rally in software stocks, as improving growth expectations reignite enthusiasm for some names in the sector that many had written off just a year ago. Finally, this month’s stock spotlight is Intel – a company that helped build the modern technology industry and is now attempting an ambitious turnaround as a crucial beneficiary of the broad AI infrastructure build-out.

Read More

There's more to 'value' investing than valuations

Semantics matter. Words carry associations that can't always be neatly translated into a different cultural context. First impressions often determine whether investors are prepared to allocate money to an investment strategy.

Read More

Business Sentiment Tracker: Business confidence falls in Q2 2026

Business confidence has weakened in the second wave of YouGov's quarterly Business Sentiment Tracker, with businesses becoming less optimistic about the economy, their industries, and their own prospects.

Read More

Login

Not yet registered?

Please complete this form to join our community

Name
Email
Company
Select your role:
Password
Confirm Password