Last updated: 10:22 / Wednesday, 22 January 2014
Henderson's Chris Bullock

2014 Can Prove to Be Another Solid Year for Credit Markets

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2014 Can Prove to Be Another Solid Year for Credit Markets

2013 proved a better year for credit markets than expected by many. The coming year has the potential to surprise too, although the gains are unlikely to match those of the previous year.

2014 will be an interesting year given the rising pressures on interest rates, particularly in the US, while in Europe inflation stays low and growth also remains, stubbornly, low. The good news is that the current environment is quite favourable for the credit markets.

According to Chris Bullock, co-manager of the Euro Corporate Bond Fund and Euro High Yield Bond Funds, given the expectations of low default rates, improving corporate confidence, but some risk to interest rates, the high yield sector has the potential to outperform investment grade bonds. Overall 2014 could be another fairly solid year for the credit markets, although there may be a few bumps along the way.

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For your information...

Chris Bullock, CFA, es portfolio manager del fondo Henderson European Corporate Bond Fund desde su lanzamiento en 2009. Se incorporó a la firma en 2003 como analista de crédito. Desde 2006 ha sido cogestor de los fondos de retorno absoluto de crédito y high yield. Con anterioridad trabajó como analista de crédito y analista financiero en Insight Investment y en Accenture. Bullock tiene una licenciatura en Ingeniería Química por la Universidad de Aston y además del título CFA tiene el título CIMA –Chartered Institute of Management Accountants-.

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