Started to add exposure to EMs
Passing fund responsibilities to Witherow and Woodhouse
Also hires former Schroders quant manager
Investors are being urged to carry out extra due diligence on global equity income funds on fears of 'disproportionately rising stock risk', as the sector's average exposure to UK-listed names reaches a three-year high.
One of the world's largest active equity managers, Capital Group, is to bring a flagship strategy to Europe with the planned launch later this year of an unconstrained global equity fund.
Lazard Asset Management is set to build on the success of its Global Listed Infrastructure Equity fund through the launch of a concentrated global equity portfolio.