The world according to L&GI's multi-managers Thein and Gardner

From Japan to the US via Europe and the UK, L&G Investments' multi-managers Tim Gardner and Alan Thein give their views on the global investment landscape.

Japan: "Abenomics is more aggressive and a more concerted effort to pull the country out of deflation. Valuations are looking reasonable, it is broadly attractive. There are still risks if politicians are not aggressive enough. "Our Growth fund has 16% exposure to Japan, the Balanced fund 13% and Income about 9%. All are currency hedged into sterling or dollar. We are invested in the JO Hambro Japan fund and the Polar Capital Japan Alpha. "We expect more aggressive Bank of Japan easing plans. There is lots of potential." Fixed income: "We are underweight fixed income, especiall...