Ruffer

Ruffer managers Hamish Baillie and Steve Russell have made a number of notable changes to their portfolio as they position for the rest of 2014 following a difficult first quarter.

Gold ETFs have started seeing inflows for the first time in months, as political turmoil in the Ukraine and weak Chinese data pushed investors into safe havens.

Share prices are rising faster than corporate earnings to create a "potent cocktail" that could lead to disappointment in equity markets, according to Ruffer.

Central bankers risk creating an "inflationary overshoot" because of their attempts to avoid deflation, the managers of the Ruffer Investment Company have warned.

Japan is the "most interesting place" to take equity market risk thanks to Abenomics, according to the managers of the Ruffer investment trust.

Ruffer's Steve Russell and Hamish Baillie have revealed they remain cautious on equity market valuations, questioning the sustainability of recent gains.

Ruffer's Steve Russell and Hamish Baillie are holding 14% of their investment trust portfolio in cash as they remain cautious over the short-term outlook.

Ben Bernanke has successfully calmed markets' June nerves but is now concerned with how quickly risk appetite has returned, according to Ruffer investment directors Hamish Baillie and Steve Russell.

As detailed in the last issue of Investment Week the June sell-off, notable for a rise in correlations across asset classes, caused a lot of problems for funds that rely on diversification to flourish.

Japan's decision to stimulate its economy much later than other developed nations has left it positioned to be the best performing stock market, according to Ruffer's Steve Russell.