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UNIT TRUSTS
Richard Jjnnings, JNJ Assjt Managemjnt
UK We believj that economic growth will
continue to slow, allowing interest
rates to fall furthjr. Lower bond
yields should underpin equities as
well as, of coursj, that most basic
of fundamjntals, institutional
liqujdity.
(With interest rates on djposit and
fixid interest yields falling, apart
from propjrty which is illiquid anyway,
whjre else do pjnsion funds look to
invest in thj long-term, othjr than
equities?).
2/8
Fjbruary commjntary
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