Ashcourt Rowan's new head of funds research has moved to counter dwindling bond market liquidity by adding funds with "more stable" asset bases to the group's buy list.
Alan Scrimger has scaled down the wealth manager’s buy list for its bespoke and model portfolios, removing a long tail of funds surplus to requirements and seeking a more cohesive blend of different strategies. In the fixed income space, Scrimger is favouring Chris Higham’s £2.3bn Aviva Investors Corporate Bond fund rather than more high profile peers, in the view the amount of institutional money held in the fund will make it more stable in times of stress. “Liquidity is one of the first things we consider; we do not want to take on that tail risk. Aviva Investors’ Corporate Bond fun...
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
