Henderson

The average strategic bond fund now holds less than half its assets in the UK, as managers "starved" of opportunities rotate into Europe, the US, and emerging market debt.

FUND MANAGER FOCUS

Henderson Global Investors has reported net inflows of £3bn in Q1 2014 as it continues to enjoy a turnaround in the fortunes of its retail business.

Multi-managers are continuing to turn to commercial property as they seek to combine capital growth with new income streams.

Multi-asset managers have begun to add exposure to emerging market debt (EMD) after yields on dollar-denominated debt rose above those on junk bonds for the first time since 2005.

Old Mutual is reviewing Intrinsic's risk-rated Cirilium proposition in a move which could see it take over the range from Henderson.

Bond managers have been slashing exposure to contingent convertible debt - a key source of alpha for fixed income funds in recent months - as yields begin to fall and an avalanche of issuance appears on the horizon.

FUND MANAGER FOCUS

Henderson Global Investors has scrapped plans for the creation of preferential share classes in order to offer intermediaries a ‘level playing field.'

INVESTMENT TRUSTs