Focus on high yield investment grade debt

Schroders' Robert gall sees opportunity to benefit from pension funds' increasing hunger for corporate paper

Robert Gall, Schroders' head of sterling fixed income, is tilting towards higher yielding stocks in the investment grade debt universe because he sees a growing imbalance between supply and demand. With a greater focus on pension funds owning corporate paper going forward, this underowned area of the market is set to benefit, says Gall. He is not as confident about high yield paper which, in his eyes, is not a sector characterised by diverse sector representation and is overshadowed by a great deal of stock-specific risk. Could you detail your investment career to date? I went to S...