It has been a monumental ten years for equity and bond markets, with the euphoria of the first half matched by the despair seen on the faces of traders in the second half, after one of the worst financial meltdowns ever seen.
With steep rises in stocks from 2002 until 2007, most investors were wholly unprepared for the sudden and shocking falls we would witness in 2008. Today the financial system remains constricted around the world, as banks rush to unwind over-stretched balance sheets, and economies contract in the face of a potential slowdown in China and the US. Investors, battered for the last four years by equity markets, have rushed into bonds in ever greater numbers in the ongoing search for returns, while everyone has got used to the idea you cannot get 5% on cash anymore. But where, if you had...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes