FUND managers sound caution over volatile markets this year, and multi-asset portfolios are likely to see more tactical shifts than in normal market conditions.
Says Sean Taylor of Deutsche Asset & Wealth Management: "We have to be very focused this year; it's not a big buy-and-hold year. We have to focus on selective investments, making sure that when we buy equities we buy the right ones. It's the same for fixed income because we need to keep quality up.
"We need to be much more tactical in terms of taking risk on and off.''
Fund flows tracked by EPFR Global reflect continuing redemptions from equity funds and a surge into bond funds. In the fourth week of January, US investors sought relief in...
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