Barclays Wealth admits investment grade bond call over-optimistic

clock

Barclays Wealth has admitted an overweight call on investment-grade credit has proved premature and f...

Barclays Wealth has admitted an overweight call on investment-grade credit has proved premature and faith in policymakers to end the financial crisis misplaced. Last month, the wealth manager made a neutral equities call on the main markets and head of research Michael Dicks acknowledges this was clearly overly optimistic. “Out hopes that policymakers would step up to the breach and act decisively to end the crisis, avoiding an unnecessarily harsh economic downturn, have been dashed,” he added. “Instead, most have acted half heartedly, often making too small a policy effort to make a m...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Equities

US election triggers $49bn in equity inflows while UK Budget barely moves retail market

US election triggers $49bn in equity inflows while UK Budget barely moves retail market

Lion’s share in US large cap

Eve Maddock-Jones
clock 26 November 2024 • 3 min read
Event Voice: Artemis' Cormac Weldon on the US

Event Voice: Artemis' Cormac Weldon on the US

Cormac Weldon looks into US markets.

Cormac Weldon, Head of US equities, Artemis Fund Managers
clock 18 November 2024 • 5 min read
Autumn Budget 24: Chancellor Reeves sets 20% IHT rate on AIM shares

Autumn Budget 24: Chancellor Reeves sets 20% IHT rate on AIM shares

Inheritance tax reform

Cristian Angeloni
clock 30 October 2024 • 1 min read
Trustpilot