Government bonds in vogue as Evelyn boosts allocation for MPS

The wealth manager today (16 October) said government bonds were a "compelling" choice but that the increased allocation meant it would trim back on corporate bonds. "Credit spreads have continued to tighten to levels that their protection characteristics have become less obvious," explained lead manager James Burns. "Where we retain exposure, it is significantly skewed to short-dated bonds that should fare relatively well in the event of any downturn." Burns added that alternative assets, notably absolute return funds and real assets, were also less attractive at the moment than gove...