End of bond craze may send shares soaring, say fund gurus

Executives at Fidelity, Black Rock, Goldman Sachs Asset Management, GLG and other large fund managers have reported signs that investors may start to switch cash from highly priced "safe haven" assets into shares over the coming weeks, the Sunday Times reports. If the world's big pension funds, insurance companies and sovereign wealth funds move even a tiny percentage of their portfolios out of bonds and into equities, it could spark a big rally in share prices. It would also prick the bubble in government bond prices that has let George Osborne, the Chancellor, keep down the cost of ...