Multi-asset managers top up on protection amid inflationary spike

CPI rises 1.5% in April

Mike Sheen
clock • 4 min read
The Bank of England recently forecast that inflation would gradually tick upwards towards its 2% target by Q3
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The Bank of England recently forecast that inflation would gradually tick upwards towards its 2% target by Q3

Multi-asset fund managers have been topping up on allocations to assets guarding portfolios against inflation, which is expected to spike globally over the coming months as a result of booming commodities prices, wage growth and the reopening of economies.

The Office for National Statistics revealed last week that the 12-month CPI rate rose by 1.5% in April, up from 0.7% in the previous month, driven by rising household utility, clothing, and motor fuel...

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