My money's on covered bonds

An asset class that has prospered throughout some of the most turbulent times in modern European history must surely be a serious investment prospect during the current downturn

As we close one of the most tumultuous years in modern financial markets, there is a common question on the minds of many institutional and private investors around the world: "What can we still trust and where can we trust to place our money in 2009?"

The answer to that question depends, of course, on whom you ask - and there are many asset classes and security types that could lay claim to being the most efficient repository for investors' cash in the current climate. But, for my money, covered