Interest rates could start to rise in two months' time, says Henderson New Star's Simon Ward.
IFAs are backing emerging market and Asian equities for the best returns in 2010, according to research by Henderson New Star.
Henderson has appointed Mark Harris as head of its £1.13bn multi-manager business, taking over from Bill McQuaker who will concentrate on his head of equities role at the group.
Henderson has earmarked April for the start of its fund rationalisation programme.
European markets have climbed steadily this morning with the FTSE 100 up 1.2% and the FTSE Eurofirst 1.1% higher.