There’s been much discussion about recent events in the bond market both globally and in Australia, with even Warren Buffett weighing in on the topic, declaring that fixed income is not the place for investors to be these days.
On the surface, it is easy to see why most would agree with the commentary, particularly when Australian government bonds have experienced a mildly negative return over the past six months and Australian shares have delivered positive returns following many years of strong performance.
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Robin Bowerman is head of market strategy at Vanguard Australia.
