Duce tweaks bond positions

Credit Suisse multi-managers maintaining bond exposure, buying into Asian and strategic portfolios

Credit Suisse's multi-manager Graham Duce believes credit markets will perform better than Government debt or cash over the next 12 months, despite concerns about monoline insurers being downgraded. Following a review of the bond funds held in the group's multi-manager range, Duce said many managers believe there is good value in credit, particularly in the investment grade areas. He said the consequences of monoline insurers unravelling would be so far-reaching and costly that they would likely be bailed out. Overall, Duce and co-manager Aidan Kearney will be maintaining their fixed ...