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Mulhern says investors should take a more conservative approach to allocating risk given that many asset prices have been ‘bid up’ because the easy money policies the banks have been running.
He adds that multi-asset, absolute return strategies are the best in the current environment.
Mulhern is also concerned about the flood of money into EFTs, which he sees as synonomous with a speculative phase of the investment cycle, and fears that ultimately it is a miss allocation of capital long term.
Xavier Meyer comes in
Group will launch £4.5m in cost-saving measures over the coming months
The reluctance of platforms to allow for fractional trading means the inclusion of ETFs and investment trusts within MPS is being constrained
Record annual IHT take last tax year of £7.5bn likely to be beaten
Securing an income is no-longer purely a mathematical calculation, writes Oxford Risk’s Greg B Davies
Fund has split its fixed income exposure into four, rather than using a single broad index
