Investment Strategy: Bond portfolio duration adjusted

News item -

ABN AMRO slightly adjusts interest-rate sensitivity of bond portfolio.

Global growth is exceeding expectations and it may even be still gathering momentum. In particular, strong manufacturing data appears to be adding an unexpected impulse to the world economy. Equity markets have been gently rising, driven by a combination of positive macroeconomic and business fundamentals. There is also a resilience seen in stock markets, where events such as North Korea missile launches, elections in Germany and unrest in Spain have had little effect. Bond yields are also rising, as economic growth continues and bond markets remain challenging.
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