Where are the crowded trades investors should be avoiding?

As the search for yields continues, managers are working out which consensus trades should be avoided. Hartwig Kos, co-head of multi-asset and OYSTER Absolute Return fund portfolio manager at SYZ Asset Management tells Investment Week that although emerging market debt is one of the best performing asset classes YTD, SYZ have in fact started to reduce its allocation to emerging market hard currency bonds in a meaningful way.