Risk averse investors survive 2002

For fixed income investors 2002 was not so much about picking out the winners — it was more about avoiding the losers. The downfalls of Enron and WorldCom and the appalling state of the equity markets meant the corporate world became a place of danger and disaster for investors. As for 2003, most believe things can only get better. The problem is that most people said that at the beginning of 2002. Neil Day reports.