See Rotation Of Funds Out of Bonds: Adrian Mowat
  • Elizabeth George
  • Oct 21 2013

October 21: JPMorgan’s Adrian Mowat says the first taper talk resulted in a move towards exporters stocks like IT companies but then the tapering delay saw cyclicals like banks come back in favour. He describes the great rotation of funds out of bonds into other assets as yields rise over the next few years. Equities are benefiting from this rotation as they are still relatively inexpensive versus bond yields, he adds.