Seek out opportunities amidst global bond market sell-off: deVere
Amidst the global bond market sell-off a financial consultancy group has urged investors to seek out potential opportunities with a good adviser.
deVere Group has warned stock market investors to be vigilant and to review their portfolios amidst concerns surrounding government bonds prompting wider market volatility.
"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," deVere's founder and chief executive, Nigel Green, said.
"We could indeed have reached a turning point for the bond market, but investors shouldn't react with haste as this point."
Green noted that it was still too early to confirm the start of the bear market in bonds that some analysts have been forecasting for the past couple of years.
Recommended for you
With HNW investors representing the largest market for alternative assets, Praemium and CoreData research underscores why this presents a compelling opportunity for advisers.
Having completed the successful integration of Diverger, Count has upgraded its forecast for expected synergy benefits achieved by the acquisition by a third.
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.