European bond investors urged to prioritise ECB funds programme

Specialist fixed income ETF provider Tabula Investment Management says that recent market volatility has highlighted the importance of investment grade bonds as a source of income. Over the past few years, investors have used high-dividend stocks to construct higher yielding portfolios, forgetting that companies can and do cut their dividends when revenues and incomes fall. Conversely, coupons on bonds are a legal liability and cannot be reduced in the face of adversity, unless a company g...