A combination of favourable demographics and positive growth prospects make frontier bond markets among the more exciting opportunities in a fixed income market starved of yield. But selective asset allocation will be critical in a sector where there will be winners and losers.
The difficulty in developing a model that accurately predicts equity duration means few managers pay much attention to the concept. And yet, just because it’s a tricky task, doesn’t mean it should be ignored.
The trajectory of the UK economy remains uncertain, but will the upcoming Autumn Statement make its future direction any clearer?