Just 38.46% of GP 100 Panel have asked their fixed income managers for increased specialisation when making allocations to the asset class.
The findings come after asset managers including PIMCO and Swisscanto, as well as global consultants, said clients had begun asking for a very specific set of skills from their managers.
Consultants report seeing this trend in countries such as the UK, US, and the Netherlands.
However, 61.54% of respondents said they had not discussed increased specialisation within their fixed income portfolio. One said: “We believe that external non-domestic fixed income managers can outperform by taking a macro view, hence country, currency, sector selection are the main drivers of alpha.”
Click here to more about the trend towards fixed income specialisation.
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
On balance the asset class is well-positioned for 2019, according to Eaton Vance