Asset management in the low-growth world

Diversification is key

Money in the bank is not what it used to be.

Although central banks had begun to raise interest rates from the near-zero levels adopted after the Global Financial Crisis, they have been forced to slash them again in response to trade tensions, geopolitics and, of course, Covid-19. Low interest rates are one thing. But, as the economic effects of the Covid crisis mount, the Bank of England has been sounding out the prospect of negative rates - an experiment already adopted by the European Central Bank and countries such as Denmark, Switzerland and Japan. That should be a wake-up call to those who collectively have hundreds of bil...