The bear market experienced by equities over the past three years has resulted in a massive flow of ...
The bear market experienced by equities over the past three years has resulted in a massive flow of assets into government and corporate bonds. Although some of this has been from private investors, the majority has been from institutions, particularly insurers and pension funds scaling back their exposure to equities. This has led to a derating of equities relative to bonds and has seen traditional comparisons between the two asset classes revert to levels not seen for 40 years. Private investors and their advisers are unsure whether to back bonds or equities in the current Isa season ...
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