They said it – views from 2010 about 2011 revisited
As the end of 2011 draws near, predictions for 2012 are coming thick and fast. Yet, who can claim to have clairvoyant abilities and who is just hoping last year’s analysis will be buried with their financial losses? InvestmentEurope brings you a series of brief outlooks for 2011 as they were.
Ian Spreadbury, manager of Fidelity Strategic Bond fund and MoneyBuilder Income fund:
“I expect moderate returns from corporate bonds in 2011 and believe there is still value in high quality areas of credit markets… The debt overhang in developed economies is a key risk to the outlook for credit and I therefore have a focus on defensive names… However, my expectation for slow economic growth and low inflation is typically favourable for bond returns and I do not share the fears of others in the market that bond yields will rise sharply.”