Geffen allays China fears but sees bond bubble

clock

Neptune CEO Robin Geffen has dismissed fears China is overheating, but warns there is a bubble forming in bond markets.

Geffen, manager of Neptune’s Russia & Greater Russia, Global Equity, Balanced, and China funds, said his fixed interest exposure is in very short-dated UK gilts, in expectation the bubble is set to burst. “I think there is a bond bubble out there and when it bursts it will be like a game of chicken on the M1 – our view is the swing to equities will be irrevocable. It will only take a sniff of inflation for that to happen,” he says. However, he believes fears of a bubble in China are exaggerated, and expects the country and other emerging markets to lead global growth over the next few...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Investment Week launches Geographical Equities Conference 2024

Investment Week launches Geographical Equities Conference 2024

Allianz Global Investors, Downing, EdenTree and Royal London Asset Management among speakers

Investment Week
clock 15 January 2024 • 2 min read
Moody's downgrades China sovereign credit outlook to negative

Moody's downgrades China sovereign credit outlook to negative

Retains A1 rating

Elliot Gulliver-Needham
clock 05 December 2023 • 2 min read
ECB warns high rates are pushing economy towards fragility

ECB warns high rates are pushing economy towards fragility

‘Early signs of stress’ in banks

Elliot Gulliver-Needham
clock 22 November 2023 • 2 min read
Trustpilot