'A balanced portfolio is a dangerous thing to hold right now' - Ruffer's Matt Smith
'Lower than ever reward'
Smith said that it is “low and stable inflation” that has permitted this.
Ruffer investment director Matt Smith has told advisers he believes that balanced portfolios are a dangerous thing to be invested in at this point in the economic cycle.
Speaking at Professional Adviser's latest working lunch event on Wednesday (14 April), Smith said balanced portfolios have duration risk on both sides of the equation. "The bond portfolio has more duration...
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