Asset Allocator's Dashboard: August 2011

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. $...