Anchor reports record demand for fixed-income assets amid investor caution
While the first few months of 2020 had seen strong inflows, the Covid-19 is expected to bite, the asset manager says
03 April 2020 - 10:27
Anchor Group, which provides private client, asset management and stockbroking services, said its assets under management and advice climbed almost a fifth in 2019, even as investors shied away from equities in favour of safer assets.
Anchor, headed by Peter Armitage, said it saw record demand for fixed-income assets, which include securities such as bonds, during its year to end-December, with this weighing on its profit margins...
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