Pension funds predicted toboost long-dated eurobonds

Long-dated government bonds in Europe and US should perform well on the back of interest rises in Europe and the cycle peaking in the US, according to F&C and Insight. Strategists at the two groups have been advising their fund managers to remain positive on long-dated bonds in Europe. Although F&C and Insight have underweight positions in Europe, both have overweight strategies in long-dated eurobonds for their fixed income funds. Lucy Speake, head of European fixed income, at Insight, says: "The European Central Bank (ECB) has increased the repo rate for the second time in this cyc...