Gavin Launder, head of European equities at Legal & General Investment Management (LGIM), is considering moving back into European banks, while he has also bought a position in airlines for the first time in two years.
Launder, who manages the £155m L&G European Trust, said the portfolio's lack of exposure to banks had helped him in the fund so far this year. European banks have taken longest to recover from the global...
Partner Insight: In this environment, a well-resourced credit research team is essential and having traders to keep check on markets is very helpful too, according to Fidelity fixed income managers Sajiv Vaid, Peter Khan and Kris Atkinson
Impact of political turmoil and Brexit
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In recent weeks, investors have fixated on the inversion of several sovereign yield curves, most notably the US Treasury curve.
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