Why Cazenove’s Brookes has 25% in cash

Cazenove Capital’s Marcus Brookes thinks the "big shift" from bonds into equities has been hugely exaggerated, but could still happen. Bonds are still going to work in his multi-manager portfolios, but only some areas of the credit markets are worth contemplating, he adds. Meanwhile, he explains why the phenomenal equities run has led him to…

Cazenove Capital’s Marcus Brookes thinks the "big shift" from bonds into equities has been hugely exaggerated, but could still happen.

Bonds are still going to work in his multi-manager portfolios, but only some areas of the credit markets are worth contemplating, he adds.

Meanwhile, he explains why the phenomenal equities run has led him to put a quarter of his diversity fund in cash.

For part 2 click here
 

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