Market Matters featuring Sharmin Rahman from Liontrust

Our monthly podcast brings you big-picture insights from leading investment experts, exploring the opportunities, challenges and risks shaping investor portfolios. In this month's episode, our guest is Sharmin Rahman, an investment manager specialising in fixed income for Liontrust and fund manager on the Liontrust GF High Yield Bond fund. We discuss all things high-yield bond and fixed income, thoughts on the indiscriminate sell-off in software names, how the quality of the high-yield space has improved over the years and investors should put more emphasis on sell discipline. 00:00 Introduction 00:56 Background to becoming a fund manager 04:30 Thoughts on the software sell off in credit 06:16 Why investors shouldn't be trying to time the market now 08:07 Why we will still see interest rate cuts despite higher energy prices 09:15 Why artificial intelligence companies are tapping credit markets 11:07 How high yield differs from investment grade credit 12:14 How the high-yield asset class has changed over the years 13:27 Where Sharmin is seeing the best opportunities at the moment 17:32 The role high-yield plays in an investor's portfolio 19:52 Will private credit troubles spill into the public markets? 23:39 Best piece of investment advice 25:01 Further information 25:23 Risk warning Please note that this podcast was recorded on 16 April 2026. Our latest market insights: https://www.trustintelligence.co.uk/investor/articles