The Big Question: Would you invest in a 100-year or perpetual gilt?

Mike Turner, head of global strategy and asset allocation, Aberdeen Asset Management More skewed towards risk than reward Although a 100-year bond or a perpetual makes financial sense for the government, it is nothing new. Similar securities have been issued before when government finances have been under strain. They offer certainty and balance to arguably more volatile assets, such as corporate bonds and equities, and there will be demand from banks and pension funds. But history has also shown that when debt issuers attempt to lock in such low levels of short-term interest rate...