Société Générale's Isaac turns attention to European bonds

SGAM bond manager Gareth Issac is looking to European and UK bonds to generate strong returns against...

SGAM bond manager Gareth Issac is looking to European and UK bonds to generate strong returns against a worsening economic backdrop in the developed world. With president Bush promising a $150bn stimulus package, the Federal Reserve cutting rates aggressively and unemployment rising, SGAM does not think the US authorities are confident on their economy. Issac, who runs SG’s Core Plus corporate bond and SG Sterling Bond funds, believes the US fixed interest markets have already seen the best of the action and core inflation is under control. His primary focus is now Europe. “The markets a...