PIMCO’s sterling portfolio head Mike Amey believes the 30-year bull market in UK gilts is dead and has shifted his focus towards emerging market currencies.
Amey said gilt yields have been kept artificially stable on the back of the BoE and commercial banks being “forced buyers”, with banks owning 30% of the market. The manager, who heads up the PIMCO...
High level data analysis can provide useful flags, but the real challenge is to understand the dynamics and key economic factors to create a much more detailed picture of whether GEMS (or any asset class) offer good value.
AGM held earlier today
Follows fund registration in UK
FTSE 100 down 1.1%
Fall of 46%