Hodges offers allocation solution with Dynamic Bond

Richard Hodges is urging investors not to be dissuaded by the complexities of Ucits III tools on his...

Richard Hodges is urging investors not to be dissuaded by the complexities of Ucits III tools on his L&G Dynamic Bond Trust, insisting he uses plain vanilla derivatives to generate returns. The manager fears retail investors are put off by products using Ucits III powers, incorrectly believing them to be over-complicated. He believes investors should look to his fund instead of making fixed income asset allocation decisions themselves. "Dynamic Bond is essentially a global, unconstrained vehicle with neither an income or capital bias - it generates a return from both elements," he add...