Portfolio change: reduce bonds, increase cash
We increased our allocation to government bonds last month as the 10y yield reached over 4%. Yields have dropped away since then, so we’ve made a small change today to take some profit on these exposures. The proceeds are being held in cash.
Clients who are logged in can access the updated model portfolio files and standard text from our downloads page, and will see the full details of the portfolio changes and suggestions for implementation below.
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