With cash and government bonds offering low returns and equity valuations staying markedly high, where can investors find a reliable yield?
Sanlam CIO Phil Smeaton looks at this question, assessing the benefits and risks of moving down the credit spectrum into higher yielding bonds in this month's investment update.
All investment views are presented for information only and are not a personal recommendation to buy or sell. Past performance is not a reliable indicator of future returns, investing involves risk and the value of investments, and the income from them, may fall as well as rise and are not guaranteed. Investors may not get back the original amount invested.