|
|
Article: Can corporate bond funds conquer all?
- Article from:
- Money Management
- Article date:
- November 1, 2008
CopyrightCOPYRIGHT 2008 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Joe McGrath
In times of turmoil, do corporate bond funds offer a secure home, asks Joe McGrath
In September, retail tycoon and outgoing owner of Newcastle United Football Club, Mike Ashley, attempted some investing of his own, betting on beleaguered bank HBoS and reportedly losing millions in the process. It was a stark reminder of how easy it can be to get things wrong.
Indeed, professionals in the corporate bond world have not fared much better, caught out by the phenomenal number of rescues and corporate insolvencies in the Financials sector. Looking at the results of this year's corporate bond fund survey it is unlikely that you ...