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AA-rated Bowie warns rising inflation could devastate bond returns
by Matthew Goodburn on Jan 30, 2013 at 11:41
Bowie said: 'We have nothing in European reinsurers as although we think they are sound businesses, they are looking quite expensive.'
Most of the financials exposure is in tier two covered bonds, and the pair prefer UK banks over their European counterparts, with bonds in Barclays and RBS held.
Over three years to the end of December, the fund has returned 37.6% compared to the Merlit iBoxx Sterling Corporates benchmark return of 32.4%
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As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.
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From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.
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On the road
on Jul 31, 2014 at 10:36