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

How quality investing behaves through the cycle

How quality investing behaves through the cycle

Resilience when it matters more

Joseph Stephens and Laura Neill
clock 14 September 2026 • 4 min read
Why portfolios need to evolve, not revolve when it comes to client outcomes

Why portfolios need to evolve, not revolve when it comes to client outcomes

'As market structures evolve, so must portfolio construction'

Ed Senior
clock 11 September 2026 • 4 min read
What does 'quality' investing actually mean?

What does 'quality' investing actually mean?

Why persistence is the real test

Joseph Stephens and Laura Neill
clock 11 September 2026 • 4 min read