Swip backing high yield

manager of glObal bonds team david thomlinson likes sector on back of growth in china

David Thomlinson, investment manager in Scottish Widows Investment Partnership's global bonds team, is seeing real opportunities in European high yield as a result of growth in China. In China, he said, there is huge demand for lead for car batteries as a result of increased car ownership. Primary lead mining has not increased dramatically so the recycled lead market has benefited. Demand within China is being supplied by the domestic market and while that continues, other markets will not see a flood of Chinese supply and will benefit from the subsequent lack of competition. European le...