Skandia: Spanish bonds’ weakness containable, banks fully funded until 2015
LONDON | The latest Spanish financial turbulences are unlikely to start a new downturn for risk assets appetite, Skandia Investment said in a market commentary on Thursday. The investment management company believes that the recent weakness in Spanish bonds, although may become a new phase of the euro zone debt crisis, should not affect equities and other risk assets. Rupert Watson, head of asset allocation at Skandia Investment Group, remarked that…