The threat to "bring back in house" private finance initiative (PFI) contracts as part of plans to roll back private sector involvement in UK public services has seen some investors running for the hills and subsequently reduce allocations.
The most politically-sensitive UK PFI projects are those involving schools and hospitals and while some of our funds do have exposure to this area, it is relatively small. We have used the pullback, in...
Formerly managed by Bill Gross at Janus Henderson
Opportunity in high yield laggards
Industry Voice: Is uncertainty creating a buying opportunity for active managers or is the UK at risk of becoming a zombie nation due to flagging fundamentals?
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