Liontrust's Milburn: Why I think gilts are a 'toxic investment'
Not a 'risk-free' asset
Phil Milburn of Liontrust
As a fixed income investor based in Brexit-facing Britain, I am often asked to opine on gilts.
Historically considered a safe investment, given they are issued by Her Majesty's government, they are a toxic investment. You may ask whether I remember the country is about to leave the European...
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