Graham Duce

“The fall out from the sub prime crisis continues to dominate equity and bond markets. While the majority of asset classes have witnessed the volatility associated with the credit squeeze, few investors have struggled more in this environment than corp-orate credit investors. Given current valuations and the longer term outlook for investment grade debt, we have increased our allocation. We are aware that the markets will remain volatile in the shorter term and flexibility along with excellent underlying credit selection will be vital. In this environment the highly regarded credit focused team at BlueBay should perform well and deliver strong absolute and relative returns.”