Evelyn Partners Core MPS team increases government bond exposure
Shift will result in a decrease in corporate bonds and alternative assets
Shift will result in a decrease in corporate bonds and alternative assets
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The fund will be co-managed by Stefan Isaacs and Matthew Russell
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Rising interest rates, widening discounts and fixed income inflows have bruised assets
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There is a question over whether spreads adequately reflect the outlook for the global economy. Do investors need to be cautious?
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Quarterly rebalance of its WealthSelect offering
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There are signs of problems for the asset class
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Liquidations are part of its plan to merge or close over 100 strategies
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While US bonds, healthcare and Latin America deliver the only bright spots
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But retains higher allocation to alternatives
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Tilt towards quality and defensive plays like short dated credit and govvies alongside rising cash levels
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With markets aggressively pricing in Fed tightening, value could be returning to global bonds, says T Rowe Price’s Quentin Fitzsimmons
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Four out of five funds have set exposure to long-dated government bonds
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