Mark Benstead, fixed income fund manager at LGIM, explains why he believes duration should be 'embraced' within bond portfolios, rather than traded in a bid to produce alpha.
While he admits yields are low and it is understandable there is concern about rising yields in fixed income portfolios, he believes managers should be cautious about following the herd and the endemic...
To aid regulatory reporting
Has run Cautious Managed fund since 2011
Expected in next few weeks