As bond yields hit the floor
Gold prices have surged this year as yields on other safe havens have dropped sharply, making gold a more attractive hedge against economic and geopolitical uncertainty. We believe gold does have good diversification benefits, particularly in the current environment of ultra-low bond yields, but after such a steep rise there may be limited upside from here. Read more about our views on the global economy in our latest Investment Insights.
Normally staid bond markets seem highly strung lately, but there are reasons to hope for some loosening up
The team cast their minds back to the days before we knew what COVID was and when inflation was considered conquered to review an investment report they published in 2019 called Ditch the Models. Which of these models the team suggested ditching panned out the way they expected? And are there any others that could do with being ditched today? The swiftly growing animal health sector is the final topic as the team discuss how to avoid the dogs in the space and hopefully end up as the cats who got the cream.
