Graham Duce

“While the economic news from the US has been favourable over recent weeks, the same cannot be said for the eurozone. We have reduced our exposure to European credit by making a partial sale in the Bluebay Investment Grade Bond Fund and have introduced the Allianz US High Yield Fund US dollar share class. Not only are we attracted by the better economic fundamentals in the US, but also the approximate 7 per cent gross yield. High yield bonds can provide improved risk diversification as they have a favourable risk/reward profile relative to more traditional asset classes.”