Asset Allocator's Dashboard: August 2011

clock

In a new series for Professional Adviser, each month we will bring you a snapshot of the views of Cazenove multi-manager head Marcus Brookes and co-manager Robin McDonald

Fixed Income View Comments High yield POSITIVE High yield spreads remain attractive, despite absolute yields reaching an all-time low in recent months. Financial credit still offering a degree of value. Investment grade NEUTRAL Spreads look ‘fair value’ at this point. Government bonds NEGATIVE Longer-term outlook remains challenged, despite the potential for some short-term rally should the ‘risk on’ trade falter from here.   Currencies vs £ View Comments Yen NEGATIVE Co-ordinated weakening of the Yen likely to continue as Japan recovers from March’s tragic earthquake. $...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Advisers zoomed in on capital accumulation in Q4 2025

Advisers zoomed in on capital accumulation in Q4 2025

Titan Square Mile research finds

Jen Frost
clock 30 January 2026 • 3 min read
Measure for measure: How to track your tracker fund

Measure for measure: How to track your tracker fund

Tracking difference and tracking error

Terry McGivern
clock 28 January 2026 • 3 min read
SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

SJP and AJ Bell pivot from US mega-caps in MPS as concentration woes continue

Healthcare, energy and EM preferred

Linus Uhlig
clock 28 January 2026 • 2 min read