Managers of income-focused multi-manager funds raised their exposure to investment grade bonds in Q1, with the average fund increasing exposure by 2.9% to 19.7%, a four-year high.
Research from Harrington Cooper shows that bonds were "a surprise winner" during the three-month period, which saw gilt yields climb on the back of a sell-off in global bonds as investors grew bullish...
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Up from 14% in 2017