David Leduc, head of active fixed income at Standish Mellon Asset Management (pictured), is ‘constructive’ on the high yield bonds, especially against the low yield investment backdrop and investors’ desire for income, but he remains cautious on Spanish government bonds.
Emerging market debt (EMD) is not experiencing a bubble, and given improving fundamentals for the asset class, it may instead be at the start of another run higher, according to Cathy Elmore, portfolio manager, emerging market debt at Standish Mellon Asset Management, one of BNY Mellon Asset Management’s 16 boutique subsidiaries.
Standish Mellon Asset Management Company, the fixed income specialist for BNY Mellon, has hired Raman Srivastava as co-deputy chief investment officer and managing director of global fixed income.
Continued uncertainty over the debt problems in Europe is driving BNY Mellon’s fixed income specialists Standish Mellon Asset Management to favour the US and emerging markets in the second half of the year.
Ireland’s deficit reduction distinguishes it from eurozone economies such as Greece and Portugal, Standish CEO and chairman Desmond Mac Intyre said.
Jonathan Boyd rounds up the best news and analysis from www.investmenteurope.net.