Credit tourists may feel it is time to go home

Family offices looking for yield need to be extra vigilant as the cycle turns.

There is much about the 1970s that the world is better off not revisiting – flared trousers and three-day weeks immediately spring to mind. 

There is one 1970s fashion, however, that might be set to make a return whether investors like it or not – inflation. 

It is back to the future for many UK wealth managers and family offices: the last time their job was all about investing in government bonds and worrying about inflation was nearly 50 years ago.

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