Janus fund manager says may exit four-year bet against euro

A big bond fund's bet against the euro that has stood since 2013 could be removed later this year if Europe navigates its way through political tests in the likes of France and Germany. Ryan Myerberg, a portfolio manager in Janus Capital's fundamental fixed income group, which manages around $40 billion, said his fund has been underweight the single currency, to varying degrees, for around four years.
"We have a long-standing short in the euro which we are happy to wear ... it is mainly for political reasons but also we think the US Fed is behind the curve," Myerberg said. "But it could be a tale of two halves for the euro in 2017.