HSBC Global Asset Management's Caroline Hitch is reducing exposure to equities in favour of credit in the firm's $8bn World Selection portfolios as she fails to find "compelling" valuations for shares.
The head of wealth portfolio management said she now prefers credit markets to equities, but added government bond yields look 'scary'. The manager runs risk-rated, multi-asset portfolios within the...
Round-up of diversity coverage
Latest news and analysis
Also introducing administration fee
Case opened on 13 November
Seeking assets with social and environmental impact