Barclays Wealth admits investment grade bond call over-optimistic

Barclays Wealth has admitted an overweight call on investment-grade credit has proved premature and f...

Barclays Wealth has admitted an overweight call on investment-grade credit has proved premature and faith in policymakers to end the financial crisis misplaced. Last month, the wealth manager made a neutral equities call on the main markets and head of research Michael Dicks acknowledges this was clearly overly optimistic. “Out hopes that policymakers would step up to the breach and act decisively to end the crisis, avoiding an unnecessarily harsh economic downturn, have been dashed,” he added. “Instead, most have acted half heartedly, often making too small a policy effort to make a m...