Investment Conundrums: How Premier's Neil Birrell is navigating the 'mind-blowing' bond market

Investors could experience a nasty shock, CIO argues

The "mind-blowing" negative yields across the fixed income market, combined with the continuing rally among high-quality growth stocks relative to value counterparts, are unanimously pricing in a "significant market downturn" or a recession, according to Premier's Neil Birrell.

However, the chief investment officer and manager of the Premier Diversified multi-asset fund range said this is at odds with various economic indicators, with Citibank's global economic forecast on an upward trajectory over the next five years, and the JPMorgan Global Composite PMI remaining expansionary. Premier AM and Miton to merge into £11.5bn business As such, he warned that bond investors could experience a nasty shock if they don't carefully manage their duration. "I know the economic picture is deteriorating and you are seeing downgrades, but when you see what the market i...