Quilter’s WealthSelect has added to traditional fixed income assets across its range in its quarterly rebalance in a move to reduce risk as economic growth slows.
Cash and equities have been sold in favour of traditional fixed income through the HSBC Global Government Bond Index fund in all risk levels, bar level 10. Stuart Clark, portfolio manager of WealthSelect explained: "The portfolios have been underweight fixed income for some time now, but conditions are changing and the asset class does look as attractive as it has for some time. "Given where yields are and that inflation should be at or near its peak, we felt it was prudent to add back to this exposure at a time where equities have a greater possibility of disappointing." Higher-gr...
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