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
91/130 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 23.13%
Citywire TV
Play Big City Bright Future

Big City Bright Future

Big City Bright Future, the brainchild of BlackRock, is a three-week work experience programme for school leavers looking to forge a career in the City.

Play Kames' Ennett: Trump good for US high yield, but beware Europe

Kames' Ennett: Trump good for US high yield, but beware Europe

Kames Capital’s head of high yield David Ennett believes the changing political landscape will be a positive for the US, but negative for Europe in 2017.

Play Philip Milburn: why inflation won't run out of control

Philip Milburn: why inflation won't run out of control

Kames bond fund manager views inflation as more of 'scare' than a 'problem' and is positioning his portfolios accordingly.

Read More
Your Business: Cover Star Club

Profile: change is the only constant for Quilter Cheviot

Profile: change is the only constant for Quilter Cheviot

This is not the first time we have profiled David Miller, but at the time of his previous appearance his company looked very different.

Wealth Manager on Twitter