Stock market investors are being urged by the boss of one of the world’s largest independent financial advisory organisations to review their portfolios, be vigilant and seek out potential opportunities in response to the global bond market sell-off.
The message from Nigel Green, deVere Group’s founder and chief executive, comes as the woes surrounding government bonds prompt wider market volatility.
He comments: “It is still too soon to say if this is the start of the bear market in bonds that some analysts have been forecasting for the last couple of years.
“Unsure if this is a blip or not, now is not the time for hasty decisions. Now is the time for investors to review their portfolios, to be vigilant, and to seek out the potential opportunities with a good adviser.
“Whenever there is a fall-out, or periods of heightened market turmoil, there will always be opportunities for investors and it’s up to financial advisers to seek out the right ones for their clients.”
He continues: “Bonds have had an overdue correction in some countries, whilst other countries appear to have had a more knee-jerk reaction.
“We could indeed have reached a turning point for the bond market, but investors shouldn’t react with haste at this point.”