"Plus ça change, plus c'est la même chose." UK bonds hardly need a French epigram to reflect today's investment dilemma.
But in a post-Brexit vote world, what changes we may have seen - political, economic and secular - have not improved the long-term return prospects for holders of UK gilts. Ten-year yields at 1.15%...
Joe McDonnell joins as head of portfolio solutions (EMEA)
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253 deals in 2018
Changing fund structure