Threadneedle fund manager David Oliphant remains positive there is no fixed interest bubble and the ...
Threadneedle fund manager David Oliphant remains positive there is no fixed interest bubble and the outlook is good for gilts, investment grade and high-yield bonds. 'People claim bonds are looking overvalued at present, but if you take gilts, for example, yields of around 4.5% minus inflation means real yields of around 3%, which looks fair value to me in a low growth world,' he said. Strong demand for lower risk income generating assets has also boosted corporate bond performance of late, with diminishing supply to bolster this area of the market still further. 'With demand now inc...
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