Opting for either austerity or growth in the UK will not be enough to tackle the real structural problems facing the country, according to a leading economist.
Strategic bond managers are upping their use of derivatives as liquidity issues, dislocated pricing structures and cheaper trading opportunities transform how they manage their portfolios.
Paul Marriage, Cazenove's top performing smaller companies fund manager, has highlighted five UK-listed companies he expects to outperform in spite of the problems facing the UK economy.
The worse than expected decline in UK GDP announced today is likely to spur the Bank of England into injecting another £50bn into the economy next month, said Henderson's Simon Ward.