Chatfeild-Roberts: QE has worked for many investors

"It is easier to say the world is coming to an end, but QE has worked for many investors," the manager (pictured) of Jupiter's Merlin fund range said. "QE is unconventional and an experiment, but we are not predicting the removal of QE." However, he said QE has created deflationary pressures, as low rates have meant savers do not have enough income to spend on goods and services. "Low rates mostly have deflationary effects on cash savings, and a depressing effect on bank profits, while company liability in capital terms increases exponentially," he said. In terms of the investment ...