Seven funds have made it onto the Zenith Investment Partners ‘highly recommended’ list as a result of the company’s latest Fixed Income Sector Review, with 12 being rated ‘recommended’.
According to Zenith, the seven funds to be rated ‘highly recommended’ are the Tyndall Australian Bond Fund, the Macquarie Income Opportunities Fund, the Goldman Sachs JBWere CorePlus Australian Fixed Interest Fund, the Advance International Fixed Income Multi-Blend Fund, the Colonial First State Wholesale Global Credit Income Fund, the Macquarie Diversified Fixed Interest Fund and the Schroder Fixed Income Fund.
At the same time, Zenith investment analyst Steven Tang talked down the prospects of a ‘bond bubble’ occurring in the US Treasury market, claiming that current events did not fulfil the typical definition of a ‘bubble’.
“Unlike other financial markets, investors know exactly what returns they will receive if they hold until maturity — assuming no defaults,” Tang said.
