Avoiding bonds will be key to performance: Aberdeen

There is historical precedent to suggest the key to good portfolio performance over the next 20 to 40 years will be avoiding bonds, although value can still be found in fixed income, a forum heard last week. Peter Elston, head of Asia-Pacific strategy and asset allocation at Aberdeen Asset Management, drew parallels between the developed market monetary policy of today and the Great Depression of the 1930s. Speaking on a panel debate entitled “The great rotation: fact or fiction…