Kevin Anderson, head of investments for Asia Pacific at State Street Global Advisors, proposes re-conceiving the 60/40 investment framework to cope better with prevailing market conditions.
SSGA's Asia chief resigns; CIC subsidiary loses president; Citi appoints Philippines head; Vanguard relocates director to Singapore; JLL boosts China investment team; and SC Lowy hires bond chief.
Despite expectations of an increase in US interest rates, few in the bond markets are expecting turmoil this year, even though 2014 threw many predictions off course.
Equity outperformance in 2015 is not clear-cut, with observers spying pockets of value in Japan and Europe after the volatility of last year. But investors need to hunt for opportunities.
Valuations in some high-yield bond markets look stretched, prompting panelists at an AsianInvestor forum to urge investors to review quality of bond issues as spreads head towards 2006-07 levels.
Buying shorter-duration bonds and customising benchmarks are two strategies for tackling the debt crises in Europe and the US, says Kevin Anderson of State Street Global Advisors.