The search for yield has pushed investors out of the comfort zones of UK equity and fixed income to take on more 'risk' than normal for a meaningful return, including a rush to emerging markets, with inflows in January at the highest in 18 months.
Yield appears to be behind these inflows as a dividend culture is growing in equities and EM debt looks attractive relative to developed markets; indices are yielding 5%-6%, with an extra 1%-2% generated...
Joe McDonnell joins as head of portfolio solutions (EMEA)
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