Investor focus: Legal & General treads cautiously
Widening secondary spreads justified a cautious stance towards the supranational and agency sector as 2011 concluded. Despite a rally at the beginning of this year, investors should not be complacent that the volatility will not return, and among chief concerns should be a country at the heart of the Eurozone. SSA Markets talks to Ben Bennett, head of credit strategy at Legal & General Investment Management.
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