The perils of fixed interest portfolios

Viewpoint

I am becoming concerned about the sale and promotion of fixed interest funds in the UK. We recently ...

I am becoming concerned about the sale and promotion of fixed interest funds in the UK. We recently put a word of caution out internally at Hargreaves Lansdown because the high yield (junk) end of the market has performed very successfully. There is also likely to be a groundswell of opinion that investors should be buying fixed interest Isas which are not disadvantaged by the loss of tax credit, in preference to equity income Isas. The sale of fixed interest funds has not reached the scale of those of technology funds at the height of the tech boom. However, you only need to look at the di...