Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Mike Turner, head of multi-asset at Aberdeen Asset Management.
Despite talk of the Bank of England looking to start raising UK interest rates within the next six to 12 months, this is likely to be a gradual process. Although the UK has reported good growth figures in recent weeks, the recovery is still fragile.
For example, as the Bank of England itself has noted, the level of personal debt outstanding remains high. As a result, the low-yield environment which we’ve been familiar with [...]