Leigh Himsworth, portfolio manager of the Fidelity UK Opportunities fund, explains the factors leading him to expect increased volatility in 2018.
Having spent much of last year reasonably positive with regard to the outlook for equities I have recently become a little more cautious. This is largely due to movements in the bond market that are at odds with my own view on the world. Over the last couple of months the yield curve has flattened, suggesting that bond investors believe a fall in inflation is on the horizon. The US government bond yield curve has flattened...
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