Morningstar boosts cash to 30% in multi-asset fund
Morningstar Investment Management has substantially raised the cash levels in its Real Return multi-asset range as it braces for interest rate normalisation and higher volatility.
Will markets sell off when treasuries hit 3%?
Yields on the US 10-year treasury were last at 3% in January 2014, but with the US Federal Reserve set to hike rates at least three times this year industry insiders argue it’s matter of when, not if, they will again break that barrier.
Make America indebted again
On the one-year anniversary of president Donald Trump’s inauguration, his administration is more divided than ever with growing murmurs of a government shutdown. One thing the president seems to have unwavering support on is his tax bill, but with treasury yields rising should investors be more concerned?
Bond vigilantes could force Fed’s hand in 2017 – Edwards
Bond vigilantes could force the Fed into two rate hikes in the first half of next year, Societe Generale’s Albert Edwards has warned.
Carmignac Patrimoine looks to European bank credit, cuts equities
Carmignac Patrimoine has shifted its focus to US treasuries and credit opportunities in European financials as the managers maintain their bearish view on equities.