07.02.2013 - Prepare for bear market in bonds – Coutts Middle East
The private bank's chief investment officer warns of losing money in Islamic bonds this year. Coutts, the private banking arm of Royal Bank of Scotland, is telling clients to switch part of their allocations to equities from bonds ahead of a bear market in fixed-income markets. Investors, who piled into bonds in the past few years for relative safety amid volatile markets, could have up to 10 per cent of their wealth wiped out this year, Gary Dugan, Coutts’s chief investment officer for Asia and the Middle East, said on Wednesday..............................................Full Article: Source
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