Advisers should avoid committing to a specific yield target as they negotiate the "unprecedented challenge" of the current low-return environment, argues Legal & General Investment Management (LGIM) multi-asset fund manager Andrzej Pioch in this video interview.
Asked by Professional Adviser editor Julian Marr in the above video for his thoughts on the ongoing demand for income-generating assets, Pioch (pictured) says investors' search for yield is unsurprising considering the continuous lowering of interest rates by central banks. Pointing to the major central banks' commitment to quantitative easing for the best part of a decade, he continues: "In this environment, advisers are facing an unprecedented challenge - basically, how to provide a stable, sustainable but attractive yield to their income-oriented clients without exposing them to exces...
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