At a challenging time for both bonds and equities, investors need to find alternative asset classes to mimic their characteristics within a portfolio, says Cazenove Capital's Nick Georgiadis in this video interview.
Speaking to Professional Adviser editor Julian Marr in the above video, head of discretionary fund management Georgiadis argues a multi-asset approach to investment should prove beneficial as the 35-year bond bull run draws to a close and the environment becomes more challenging for the asset class. "If we move into an environment where interest rates are rising a little more aggressively than markets had perhaps expected, bonds can begin to suffer quite noticeably in portfolios," he warns. To substitute for the security and income bonds provide, Georgiadis accepts cash could be a sho...
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