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The former chairman of the Federal Reserve has warned that the world is entering a bond market bubble.
Friends Life is planning to transfer £24bn worth of segregated mandates from AXA Investment Managers to Aviva Investors, following its takeover by the latter's parent company at the end of last year.
The bond market faces "strong headwinds" for some time as summer volatility returns and markets anticipate interest rate hikes, according to Invesco Perpetual's fixed income team.
Why it's real (and can play havoc with portfolios)
Winners of the Fund Manager of the Year Awards 2015