The IVA manager discusses recent picks in high yield, the U.S. market, a Japanese pharma company, and short-dated Asian currency bonds.
Inflows to fixed-income products continued in November on account of market-volatility worries, while equity outflows this year could surpass 2008 levels.
2012 shows the importance of paying attention to valuations amid the doom-and-gloom headlines.
PIMCO's Andrew Jessop sees opportunities with European and health-care high-yield bonds but also warns of likely lower returns beginning in 2013 given the recent runup.
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