Asset allocation is at least as important as individual share selection. So where should you be putting your money? Here’s our monthly take on the major asset classes.
High yield bonds “now constitute an offence against linguistic decency”, as PFP Wealth Management’s Tim Price puts it: junk bond prices have risen so high in recent years that yields have plunged to record lows in the mid-single digits. But government bonds are also absurdly overpriced.
Yields have never been as low as they are now, in the entire history of the UK gilt market. Government bonds in [...]