Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

AXA Framlington's Peirson wary of 'bond bubble'

Richard Peirson, one of the most consistent and long-standing mixed asset managers, is favouring cash over bonds in his AXA Framlington Managed Balanced fund. Having maintained a larger position in cash than bonds throughout 2012, he is concerned that a 'bubble' has formed in government debt and has less than 10% invested in fixed interest in the £400 million fund.

He also harbours concerns that, given these risks, the retail distribution review's proposal that more of investors assets be invested in bond heavy mixed asset funds is a mistake.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Richard Peirson
Richard Peirson
55/102 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 34.43%
Citywire TV
Brewin's Gutteridge: what's behind the second oil crash?

Brewin's Gutteridge: what's behind the second oil crash?

This week Brewin Dolphin's research head talks to Will Riley, co-manager of the Guinness Global Energy fund, about what next for oil.  

Play AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Bullas: what drove my UK small cap outperformance

AA-rated Richard Bullas has quietly been making a name for himself at the helm of the Franklin UK Smaller Companies fund.

Play Sector spotlight: how Harwood's Philbin is playing emerging markets

Sector spotlight: how Harwood's Philbin is playing emerging markets

Emerging markets have been a rollercoaster for investors, but amid the doom there have been have been bright spots, such as India. 

Your Business: Cover Star Club

Profile: CHI's bond supremo on liquidity and bond risk management

Profile: CHI's bond supremo on liquidity and bond risk management

'Some people have been extremely complacent about rate rise risk. Myself, I wish they would just get on with it.'

Wealth Manager on Twitter