Hot100: Spreadbury turns bearish on Western debt concerns

Ian Spreadbury is a 25 year veteran of bond markets and, as such, when he turns bearish, investors take note. In July, he pared down risk in the Fidelity Strategic Bond fund, moving out of higher yielding bonds and riskier corporates and into supranational bonds and liquid government bonds. He is also holding a higher weighting in cash and other liquid assets to maintain flexibility in the current volatile markets. History suggests that it is worth observing Spreadbury’s moves. The Fidelity Strategic Bond sector sits top of the sector over five years, having delivered 35.9%, compared to ...