Quantitative easing has left investors taking on more and more risk in the search for yield, writes Darius McDermott, who analyses the options available to advisers to help clients generate an income
It has been coined the "biggest financial experiment in history" by the likes of Lord Rothschild and others, but more than a decade on from the start of quantitative easing we still do not know its true consequences. You often read that central banks have never had more power than in the past decade, and that monetary policy has never been stranger, the result being stock markets hitting record highs, only to be undermined by stagnation or anaemic growth in the real economy. And we only have to flashback to this time last year to remember what happened when central bankers moved away ...
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