Jim Cielinski, global head of fixed income at Columbia Threadneedle, has said both equities and bonds will struggle to generate significant returns now interest rates have run out of room to fall after bottoming out globally.
Will review underweight UK position accordingly
Rules out extending remuneration rules across industry
Pair also on board of several other trusts
Decision due by the end of the year
Brings in line with absolute return range
Impacted by costs of Vision acquisition