Four safety-first corporate bonds

With yields remaining very low on government bonds, professional investor Nicola Marinelli prefers to put his money into bonds from strong, defensive companies that offer a safe haven for the conservative investor. Here, he picks four solid bonds that can weather the current storm.

Each week, a professional investor tells MoneyWeek where he'd put his money now. This week:Nicola Marinelli, manager of the MFM Glendevon King Global Bond Fund.

Bond investors are a cautious bunch, preferring to sit quietly at the top of the capital tree observing the equity scrummage below. Never more so than now. We are seeing a slow economic recovery and plenty of gloomy economic data. The bad news has been compounded by sovereign risk concerns, even for the UK. Any downgrade of Britain's AAA-rating will cause a rout. So, we prefer bonds from strong, defensive companies that can weather the current storm.

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