Investec Asset Management's co-head of multi-asset John Stopford is running his most defensive portfolio since the 2012 re-launch of the Diversified Income fund, as a result of concerns about the rising risk of a recession.
Headwinds making Stopford cautious include the tightening of financial conditions, an unclear global trade outlook thanks to the actions of US President Donald Trump, as well as concerns about Italy. ...
Targeting 4% yield
New CEO looking to restructure divisions
Inflows up from £178m for same period last year
European Commission relents to pressure
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