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...
Could spell risks for investors
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Despite underperformance in June
Effective 20 July