Value to be had in the credit fixed income market
The continued economic recovery and expected decline in defaults means there is still value to be had in the credit fixed income market according to Swiss & Global Asset Management.
The total value of new credit granted increased from R75.14 billion for the quarter ended September 2010 to R83.53 billion for the quarter ended December 2010, an increase of 11.17% when compared with the previous quarter, but 31.97% higher than a year ago.