Richard Pease predicts European 'stampede'

Pease, director of European equities and manager of the £402m Henderson European Special Situations fund, as well as co-manager of the £828m European Growth fund, said he expects appetite for bonds to flag after yields dropped to record lows. “One of our big European clients has €200bn in assets under management and has never had less equity investments,” he said. “The concern is suddenly everyone will think they should not be in bonds but should have more equities, especially European equities because they have been hammered. There is a real risk of a stampede. “I do not know if w...