Aims to cut to 17% by 2020
Pleaded guilty to nine counts
Fixed interest allocation hurt returns
Panic selling also a risk
Investors have been complaining about the lack of volatility for some time now. Perhaps given the bumpy start to 2016, a few are feeling they should have been more careful what they wished for, writes Investec AM's Alastair Mundy.
European HY funds lose €1.4bn
Appointed as multi-asset fund manager
The structural forces of ageing populations, increasing debt levels, the abundance of capital and competition, and a move to protectionism by many countries creates a backdrop of low growth.