Defensives remain attractive as continued uncertainty over the US economy bolsters interest in gilts...
Defensives remain attractive as continued uncertainty over the US economy bolsters interest in gilts. Cautious investors are favouring defensives and gilts in a year where the overall UK market contracted for the first time in six years. John Hatherly, fund manager at M&G, says: "Cash produced a good return and so did government bonds. Within the equity market the FTSE 350 produced a return of 8%, while the All-Share was down 5.9%. People rotated out of technology, media and telecommunications stocks and found growth in defensive assets." Hatherly anticipates continued investor interest ...
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