Bonds

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Asset allocation: McInroy & Wood cuts equities in favour of ‘healthier’ government bonds

The team behind discretionary investment manager McInroy & Wood reduced the equity weight in its balanced fund from 80 per cent to 70 per cent “as a first step” strategy. East Lothian-based chief executive Tim Wood made this “significant change” to the portfolio in response to concerns about earnings growth. “We were becoming nervous about […]