Aviva Investors multi-asset team backs niche bonds on equity fears

Aviva Investors' Justin Onuekwusi has upped his exposure to a variety of niche bonds - including floating rate loans - after warning equity markets could fall in the near future.

Following a global run up to record highs for equity indices, the manager of Aviva Investors’ multi-asset fund range said he expects equity markets to correct. As a result, he has been increasing his allocation to a variety of fixed income assets – including floating rate loans and emerging market inflation-linked bonds, alongside more traditional government debt - in order to protect the fund against any dips in share prices. “Over the longer term, equities look attractive, but we are still cautious of a short-term pullback in equity markets,” he said. As a result, the two least r...