PA360 North: UK looking at double digit inflation for 'next few months'

Inflation ‘stomping all over portfolios’ but can be managed

Jenna Brown
clock • 2 min read

Inflation is “stomping all over portfolios” at present but it can be managed through interventions such as diversification and not overreacting to the current situation, delegates heard.

Speaking at PA360 North today (5 October), Legal & General Investment Management head of retail multi-asset funds Justin Onuekwusi said the "inflation giant" could be tackled. He said while there had been no inflation between 2008 and 2020 a combination of circumstances had seen it rise rapidly. Onuekwusi explained the pandemic had created supply constraints as well as, for the first time since 2008, seen QE alongside fiscal loosening: "That is quite inflationary," he said. He added the war in Ukraine had led to an unprecedented increase in commodity prices across the world. "Th...

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