Allianz Global Investors is widening the remit of the Sterling Total Return fund, managed by Mike Riddell, and renaming it the Strategic Bond fund, as well as converting its BRIC Stars fund into a global emerging markets mandate, Investment Week can reveal.
Riddell (pictured) joined Allianz Global Investors from M&G last October, taking over the group's £970m Gilt Yield and £71m Sterling Total Return funds on 30 November. The former M&G bond manager joined...
Japanese stocks have more than doubled their returns since December 2012, on the back of Abenomics, but many investors are still not convinced of the sustainability of the rally.
Shares up 15% on Friday