Gartside offloads US linkers but still fears inflation
Schroders' Nick Gartside has switched from inflation-linked to nominal US treasuries in his £316.7m Strategic Bond fund as the market continues to be "fixated on deflation".
Gartside switched his fund's 10% allocation in US linkers, known as TIPS, to conventional bonds earlier this month. The manager admits the move is a significant departure from his previous positioning,...
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