Graham Duce

co-head of UK multi- manager funds, Aberdeen Asset Managers

Based in: London, UK

“The last two years have witnessed a strong recovery in global investment grade credit. However despite the strength of corporate balance sheets and continued earnings recovery within many sectors the outlook for credit going forward remains uncertain. The threat of inflation and global authorities increasing interest rates remains a dark cloud for this asset class. With this in mind we have further reduced our investment grade allocation by allocating more capital to L&G Dynamic Bond fund. While this fund can invest in high rated corporate credit it has the extra flexibility to invest in a selection of different instruments both long and short.”