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Put this Asset Class in Your Negative List

posted on 14 May 2015 by Sunil Jhaveri

HISTORY REPEATING ITSELF IS HISTORY’S OLDEST STORY – STEVE WICK There have been many conflicting & confusing articles in media (http://goo.gl/yTdCK3, http://goo.gl/kl2D2u & http://goo.gl/PMkNxY) about whether there is any story brewing in Duration schemes. In the recent past, this call was given in January 2013 with some disastrous results. In spite of that industry had once again started giving an aggressive investment call in Duration theme in mid-2014. Post that, RBI cut interest rates on 2 occasions. However, interest rates have only inched up thereafter. Unfortunate part of this whole saga is that AMCs as well as Advisors invested funds of retail investors in this theme; thereby bringing only volatility in their portfolios with negative bias over short to medium term.