“Bonds will be the big losers, especially those with long terms,” says the head of the US fund house Invesco.
(Photo: Invesco)
Frankfurt Marty Flanagan, head of the large US fund company Invesco, fears that inflation will not go away as quickly as many central bankers are hoping for. According to the 61-year-old, there is a lot to be said for long-term, high inflation rates in the USA in particular – even if the inflation rate in August of 5.3 percent was somewhat more moderate than had been expected. Bonds are therefore a bad investment for him.
The Invesco boss recognizes some inexpensive industries in the stock markets, such as finance and aviation. Flanagan defends the poor performance of its own shares since the turn of the millennium and the still low valuation. He points to the quadrupling of the course in the past year and a half. He also expects further large mergers in the fund industry. The need to grow is the driving force behind the consolidation.
Read the entire interview here:
Read on now
Get access to this and every other article in the
Web and in our app for 4 weeks free of charge.
Further
Read on now
Get access to this and every other article in the
Web and in our app for 6 weeks.
Further
.