Risk assets remain in favour for Nomura Asset Management's Dickie Hodges as global geopolitical "chaos" continues, with high yield, emerging markets and subordinated financials among his preferences.
The fixed income specialist, who runs Nomura's Global Dynamic Bond fund, is taking its risk exposure long across asset classes, as he is braced for the US Federal Reserve and the European Central Bank...
December 'remains achievable'
Able to monetise its assets
Formal agreement set to be announced soon
Cash holdings continue to grow