Economic and investment cycles often provide a reminder of how history can repeat itself.
The global financial crisis of 2007/08 represented a shock on a similar scale to the Wall Street Crash of 1929, and it is illuminating to look back to what happened to interest rates after the Great Depression.
We believe that experience suggests interest rates are likely to rise gradually in the UK and peak at much lower levels than investors were accustomed to prior to 2008. So the hunt for income will remain intense.
Watch Jerome Nunan, Investment Director, explain how lessons from history could impact today's income investors.
