Smith & Williamson Investment Management has added a position in the BlackRock Gold & General fund to its managed portfolio service in efforts to protect against "resurgent inflation over the next few years".
The coronavirus pandemic and global action to tackle the health crisis helped to drive inflation to record lows across the world, with the UK's CPI rate falling to 0.3% by November. However, some market participants believe central bank and government stimulus measures to fight the economic effects of Covid-19 will lead to an inflationary shock. James Burns, co-manager of Smith & Williamson Investment Management's MPS, said the outlook for inflation has shifted going into 2021. As a result, BlackRock Gold & General has been added across the portfolios in the MPS range in the hope e...
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