‘High yield’ is a distinct asset class that sits at the higher credit risk end of the bond market.

These are certainly interesting times to invest, with worrying and persistent headlines

There is little certainty in the short term, but the longer one remains invested, the more certain one can be about positive outcomes

The four most dangerous words in investing are: ‘this time it’s different’ Sir John Templeton, 1993.

Over the weekend, US President Donald Trump announced tariffs targeting the US’s closest trading partners.

On Monday, Nvidia experienced a sharp decline of 16.9%. The sell off happened on the back of news that the Chinese AI company DeepSeek has developed large-language models with significantly reduced reliance on AI chips. This news raises concerns about the scale of future demand.

Gilt yields have recently been the subject of news interest. But, looking through the noise, are gilts a poor investment today?

This report draws on our independent fund research and in-depth insights into the financial services industry.

It is hard to think of another year, like 2024, when headlines were this heavy. Yet markets powered on to new highs. Equities, bonds, property and commodities all delivered strong returns.

This report is based on our unbiased fund research. We look back on what has been a difficult year for active fund management firms.