Kelly Prior: The current search for income

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As the current pandemic crisis grips markets across the world, BMO GAM investment manager Kelly Prior discusses investors' options in their search for income.

As of 9 March, the UK Government is prepared to pay the grand return of 0.37% per year in interest for lending it money. The US government is offering a juicy 0.97% and the European Central Bank want investors to pay for this privilege. To secure even theses rates through depositing cash in the bank would be a challenge. With inflation in each of these jurisdictions sitting somewhere around 2%, savers would in fact be losing money.   As we grow older and need to rely more on the savings we have stashed away to pay us back for our patience in not spending them, the options to deploy...