Columbia Threadneedle manager Toby Nangle explains how his funds have been impacted by the recent volatility seen in global markets in 2016 and why he views European HY spread widening as an opportunity, not a warning.
How were the funds affected by the sell-off in global markets 2016? How have they dealt with the fallout from the oil price and slowing growth in China among other things? Over the first quarter of 2016 both the Threadneedle Global Multi Asset Income and Dynamic Real Return fund achieved positive absolute returns - returning 2.96% and 1.49% respectively over the period (gross). Over 2015 we had been reducing risk as a result of a combination of valuations and rising risks such as an oil glut pressurising companies' business models and China's slowing and rebalancing from investment-led...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
