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Insight gets selective in search for strength

Insight Investments is being more selective in investments across all asset classes because it believes that the easy money has already been made during the market rally.

The company’s multi-asset team believes there are plenty of opportunities left in the current market, which is particularly good for stock and bondpickers, but it also feels there are a lot of potential risks and that managers will have to dig deeper to find the best opportunities.

Investing with management groups that have strength and depth of resources is seen by Insight the best way to unearth opportunities in the current market.

As an example of this, it recently added the BlueBay investment-grade corporate bond fund to its diversified target return, diversified dynamic return and diversified high-income funds.

Head of multi-asset Mike Pingerra says the Blue Bay fund fits well with Insight’s existing holdings in the credit space – the Legal & General dynamic bond trust, Schroder all maturities bond fund and the M&G global convertibles fund.

Pingerra says: “The common thread between them is that all are well resourced business. We believe there are lots of opportunities out there but managers will have to do a lot of work and it is best to do that with strength and depth of resources. Our view is that there has been a pretty big rally in all asset classes, some of which were overdone, and a lot of the easy money has been had.

“Some of our individual positions have run incredibly hard but now is the time to be more selective.”

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