The Big Question: Should you follow the herd in 2013?

Simon Callow Fund manager, CF Miton Diversified Growth fund   Bullish position When is a ‘rotation’ a ‘great rotation’? The answer probably lies in the degree to which sovereign benchmark bond yields rise. Like the proverbial crack in the dam, we are currently only observing the water trickle through the hairline fractures in the retaining wall. However, evidence of an asset rotation out of defensive fixed interest into higher risk assets, appears to be proliferating. Whether looking at rising sovereign bond yields, accelerating exchange-traded fund equity purchases or falling tai...