JO Hambro

Jenny Cosgrave talks to three wealth managers about their top fund picks.

ON BONDS

Architas CIO Caspar Rock has increased his funds' weightings to equities - particularly Japan - in the expectation the momentum behind the recent move into risk assets will continue.

JO Hambro Capital Management's (JOHCM) Japan fund is heading towards soft-closure, following a wave of new inflows over the past twelve months.

With investors worried about global growth, and 'safe-haven' government bonds yielding near record-low amounts, investors have piled into 'defensive' stocks, but are they just too pricey now? Below, experts give their views.

EQUITY INCOME

Clive Beagles, manager of the £1.3bn JO Hambro Capital Management UK Equity Income fund, is continuing to back UK domestic names, throwing his weight behind unpopular "market laggards" Tesco and Halfords.

The bull run in UK mid caps could be coming to an end, with multi-managers starting to sell down top-performing funds in the sector and growth fears threatening consumer facing names.

Investment trust providers are coming under pressure to reduce annual management charges after being undercut in certain sectors of the market by OEICs and unit trusts.

Concentration risk in the UK equity income sector is a well-versed issue, but how can wealth managers find a way around the problem? Katie Holliday reports.