rising rates and a one-year bull market have not diminished standard life's confident stance
Standard Life Investments (SLI) has rejected the possibility of a bear market in fixed interest despite rising interest rates and a one-year bull market in equities. Rod Paris, head of fixed interest at SLI, said that despite the talk of doom and gloom in the media, fixed interest had not run out of steam. "However, it will be steady returns from here. Most of these will be from the coupon rather than the capital," he added. Although interest rates bottomed in the UK and have started to rise with two 25 basis point increases, Paris pointed out that this is not the case yet in the US and...
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