Henderson's fixed income manager Jenna Barnard has labelled the contingent capital bonds recently issued by Barclays as the 'poster-child' for issuance investors should avoid, despite strong demand from Asia.
Europe is benefitting from a valuation discount to the US in terms of P/E and dividend yield, as well as an improving outlook overall.
Reduced number of stocks to increase conviction
Will provide support for existing clients
Rosemary Banyard wins Outstanding Contribution award
Will concentrate on building fixed income business