fixed income

FIXED INCOME ALLOCATIONS

Andrew Wilmont, head of European high yield at AXA Investment Managers, has left the firm, handing his funds to James Gledhill.

China is poised to take further policy action, according to Chia-Liang Lian, manager of the $754m (£486m) Legg Mason Western Asset Asian Opportunities fund, who has ruled out a steep drop in growth rates.

Spain has sunk further into recession, after official data showed its stricken economy shrank by 0.4% in the second quarter of this year.

Sales of UK-listed funds have fallen to their lowest level this year, the Investment Management Association (IMA) has revealed.

BlackRock has launched the Luxembourg-domiciled BSF Global Absolute Return Bond fund for Ian Winship.

Allianz Global Investors will reopen its soft-closed renminbi bond fund to investors on 6 August due to redemptions and increased liquidity in the market.

Three senior fixed income heads have all exited Aberdeen Asset Management following a restructure of its global fixed income team.

Allianz Global Investors has hired a specialist infrastructure debt team to establish an investment grade debt platform.

Fixed income strategies continue to be the most desired asset class in the first six months of the year, with M&G topping the inflow charts.