Newton's Stewart: Policymakers are to blame for current crisis

Newton's Iain Stewart puts one-fifth of Real Return portfolio in cash as volatility strikes.

Iain Stewart, manager of the £4.2bn Newton Real Return fund, is one of the top performers in the IMA Absolute Return sector, more than doubling returns from peers,  delivering a 28% to investors over three years. Recently performance has suffered amid the sharp market correction, with Stewart fleeing to cash, as well as gold equities which have struggled to keep pace with the precious metal itself. He said the debt-induced market panic can be blamed on policymakers’ responses to the 2008 crisis, with many assets falling in unison following the QE-fuelled recovery in prices. What ha...