A cornerstone of portfolio diversification, fixed income offers income (clearly) plus good liquidity, as the global bond market is double the size of the global share market.
This guide examines the main principles and the performance drivers of fixed income investing, the pros and cons of government bonds and corporate bonds, whether to invest directly or via collective funds, and how best to choose the right investments for your client.
Supporting material was provided by Kevin Telfer, fixed income product specialist at Kames Capital, and Neil Mayfield, principal at Mayfield Investment Management.