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 trajectory of the UK economy remains uncertain, but will the upcoming Autumn Statement make its future direction any clearer?
The actions of central banks have helped fuel returns since the end of the financial crisis and increased correlations between assets. Diversification may not seem so important in a world of rising asset prices, but its virtues will become all too apparent when the market turns.