Kames Capital has shifted its portfolios to a more balanced position with the investment team weighing an uncertain outlook for global markets with a fear that "negativity" could be more expensive in the long run, according to CIO Steve Jones.
Speaking to Investment Week, Jones explained Kames' portfolio managers are currently concerned by slowing growth, fragility in the Chinese economy and ongoing uncertainty on Brexit, but understand there are opportunities in the market as a result of the apparent policy reversal from central banks. Best and worst-performing funds over ten years of QE The US Federal Reserve indicated last month that it will not raise interest rates again this year, with some investors now betting on a rate cut, while slower-than-expected growth has seen similar action taken from other central banks. ...
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