Investment Conundrums: Kleinwort Hambros' Kamal on why gold is the perfect replacement for government bonds

Protecting portfolios from 'crazy scenarios'

David Brenchley
clock • 5 min read

The two key characteristics government bonds historically brought to portfolios – income and protection from equity markets – have disappeared, rendering them all but uninvestable, according to Kleinwort Hambros CIO Fahad Kamal.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Technology

Tokenisation the 'next leap forward' as AI adoption becomes widespread

Tokenisation the 'next leap forward' as AI adoption becomes widespread

Greatest business impact

Alex Sebastian
clock 05 March 2026 • 2 min read
Asian allocators on positioning for next phase of the AI investment cycle

Asian allocators on positioning for next phase of the AI investment cycle

Away from mega-caps

Investment Week
clock 25 February 2026 • 3 min read
Deep Dive: Managers warn of further AI competition from China one year on from DeepSeek shock

Deep Dive: Managers warn of further AI competition from China one year on from DeepSeek shock

Launch saw Nvidia lose $600bn in one day

Patrick Brusnahan
clock 30 January 2026 • 3 min read
Trustpilot