Greece risks having to restructure its debt even with an extension in terms of the loan repayments by the European Union as the economy remains mired in recession.
Investec Asset Management said it’s selling government bonds and betting U.S. interest rates will rise as concern economic growth is faltering is “overdone.”
Central banks are digging deeper into their tool kits in search of innovative ways to unclog bank lending and keep a weakening world economy afloat.
Investec Asset Management has reduced its holdings in risk assets on a so-called tactical basis amid signs the market is starting to look overbought and may soon consolidate.
"The macro-economic and monetary policy backdrop remained supportive for gilts."
- John Stopford on Nov 21, 2014