Inflation-linked notes looking attractive

By David Parsons, fund manager, Lombard Odier Darier Hentsch Asset Management Once again the UK ...

By David Parsons, fund manager, Lombard Odier Darier Hentsch Asset Management Once again the UK fixed income investor starts the year having to form a view on extracting excess return from bond markets based on macroeconomic, market and geopolitical analysis. We cannot look at the UK in isolation so let us start with the US, the engine of global growth. According to the Fed, the US economy is working its way through its current soft patch. However, the negative effects of over investment and excessive balance sheet leverage in conjunction with the lagged effects of rising u...