Quilter’s WealthSelect managed portfolio service has added to its traditional fixed income weighting, following the extreme sell off in government bonds this year.
Quilter WealthSelect portfolio manager Stuart Clark said he was not expecting an imminent pivot in policy by the Federal Reserve, but the current economic environment justified an 'ad-hoc rebalance of the portfolios' to take advantage of the diversification benefits of the higher yields on offer. The WealthSelect portfolio has been underweight to traditional fixed income of late, however it will now add to this exposure across risk levels 3-7 in the ‘Managed' and ‘Responsible' ranges, according to the firm. Clark has added to the Aviva Global Sovereign Bond fund in the managed activ...
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