Bonds favoured after poor performance run

The rise in oil prices is having only a minor impact on asset allocation in pensions managed funds. Fund managers instead are concentrating on the future of the US economy and whether fixed interest or equities are the best asset class for playing the North American market. Scottish Widows and Norwich Union prefer to be heavily invested in fixed interest, AXA Sun Life is neutral while Standard Life says equities are set to benefit from an upturn in the US economy. Robin Garrow, fund manager at Scottish Widows, is holding a neutral weighting to oil stocks and the commodity sector in his po...