Premier Miton's David Jane: 'We should not fear high inflation but accept inflation is back'

Square Mile Conference 2023

Cristian Angeloni
clock • 2 min read

Premier Miton Investors multi-asset manager David Jane has warned that establishing inflation targets at 2-3% can be "quite harmful" to the economy.

Speaking at a panel on multi-asset investing at this year's Square Mile Conference, he said that a 'higher for longer' interest rates regime was "a good thing" and argued that "we should not fear high inflation but accept inflation is back". Jane said that slightly higher inflation "oils the wheels" of the economy and deals with fiscal deficits, "smoothing the way through going forward". Although admitting higher inflation will cause higher volatility, he argued it will also create a "higher nominal return environment" with better bond yields. IMF: Global economy has 'little margin...

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 Multi-asset

Morgan Stanley IM launches UCITS version of Systematic Liquid Alpha fund

Morgan Stanley IM launches UCITS version of Systematic Liquid Alpha fund

Offshore vehicle since August 2018

clock 21 February 2024 • 1 min read
MPS Watchlist: Helping advisers navigate the sector

MPS Watchlist: Helping advisers navigate the sector

Impact of Consumer Duty

Professional Adviser
clock 07 February 2024 • 1 min read
Invesco launches discretionary model portfolio service

Invesco launches discretionary model portfolio service

Six investment portfolios

Jenna Brown
clock 31 January 2024 • 1 min read
Trustpilot