Investors should look to back bonds

Fund manager's comment

With recent optimism taking equities to fair value, significant earnings upgrades are needed if shar...

With recent optimism taking equities to fair value, significant earnings upgrades are needed if shares are to find fresh impetus. Couple this with bond yields that remain low, the question for investors (and their advisers) must be, what next? Screaming buying opportunities are few and far between. I believe that one of the easiest ways for an adviser to add value in the current environment is to encourage their clients to think structurally. National statistics on household wealth illustrate that the average UK investor has most of their financial assets in cash, with some equities for s...