'The main issue facing clients is interest rates'

‘The main issue facing clients is interest rates’

Meena Lakshmanan is head of investment solutions at wealth manager Vestra Wealth. Here she tells Laura Dew what challenges the UK still faces post-Scottish referendum, why her bond portfolios are running short duration, and why an interest rate rise is not on the cards until mid-2015.

What does your asset allocation split look like at the moment? We have more in developed markets versus emerging markets in terms of our equity exposure, although the difference between this is steadily reducing. We like the US, but are very specific as we particularly like domestic companies and are happy to have exposure in the small-cap sector of the market. There could be a pullback in the US, but we think the opportunities are there. We still hold Japan and Europe, but have to be a bit more specific about the macro factors in those regions. Regarding fixed income, we got very cau...