Gilt managers remain divided upon quantative easing and bond future

Government's scheme divides sector predictions on future buy-ups despite programme creating extra demand for asset class

Gilt fund managers are divided in their reaction to the government’s quantitative easing scheme and predictions on future bond buy-ups. The Investment Management Association’s UK Gilts sector average shows a 10.8%  return over one year to 29 June, according to Morningstar figures, but down 1.1% over three months, despite the government programme creating extra demand for the asset class. Top of the sector over both periods was Ian Williams’ City Financial Strategic Gilt fund, which was launched in December 2006. The vehicle was up 15.5% over one year and 0.5% over three months, the...