The leveraged loans market has grown significantly in the past few years, but investors should be aware of the potential pitfalls of the asset class.
Valuations have become more attractive and fundamentals are reasonably positive. But a period of transition looms, with central bank support being withdrawn and government bonds now offering a more compelling alternative than they have in many years.
The Japanese central bank held fire on monetary policy changes at its October meeting as it downgraded the inflation outlook yet again
There remains much uncertainty as negotiations between the UK and EU enter a crucial stage. Sue Noffke, UK equities fund manager, provides some clarity for investors.
Spain’s Prime Minister Rajoy is ousted in a vote of no confidence, while populists take power in Italy.