Nomura

Low-risk focus

Expecting August rate cut

Provide "genuine diversification" for investors

To replace Guy Henriques

Will end up with a 'very expensive' market

Thompson takes on extra responsibilities

Cuts in Europe and US

With the US entering a new rate cycle and global growth still weak, industry experts at Investment Week's recent Funds To Watch event reveal how they think markets will perform in the coming 12 months, and where the key opportunities and risks lie.

Managed by head of equity investment Wildgoose

In the second of a two-part series, Investment Week asks managers for their views on high yield following the sector sell-off in Q3 and how they are gaining exposure.