ETF

Multi-asset managers have begun to add exposure to emerging market debt (EMD) after yields on dollar-denominated debt rose above those on junk bonds for the first time since 2005.

ETF flow data from iShares reveals investors have been selling equities and buying bonds in the first quarter of the year, with the five top-selling ETFs all belonging to the fixed income space.

CONTRARIAN INVESTOR

LEADER

Standard Life Investments' EM managers Alistair Way and Mark Vincent are looking to stocks in the ‘fragile five' countries to generate performance in their funds.

Cofunds' chief executive David Hobbs has told Investment Week the platform has not written off plans to introduce investment trusts to the platform, and may look to include them in future.

QUICKFIRE Q&A

iShares has cut the total expense ratio (TER) on the accumulation share class of its S&P 500 ETF to 7bps in a further bid to undercut competitors.

Jeremy Thomas, manager of the Brunner investment trust, says history tells us the EM crisis is far from over, but managers should not stop searching for low entry points.

David Jane, founder of Darwin Investment Managers, has bought back into gold and gold miners, in the view the asset bottomed at the end of last year.