A company that specialises in investments has claimed that its portfolios are in a strong position following the Bank of England's monetary policy committee's decision to raise interest rates to their highest point in almost six years.
Following yesterday's vote, the banking industry is facing up to a new base rate of 5.25 per cent.
However, fund management company Threadneedle, which claims to manage in excess of £70 billion worth of assets worldwide, has said that it is well-positioned to take advantage of the situation on behalf of its investors .
"The bond market's reaction to the move was predictable with short-dated bonds selling off," he said.
"Sterling has also firmed against the euro and the dollar, which is further good news for our portfolios."
Threadneedle caters for clients in a range of sectors, including the insurance industry, corporations, affiliate group companies and mutual funds .
According to the company itself, its distribution reach spans a total of four continents and more than 15 countries.
In addition, it now has staff members spread across eight locations, including Belgium, France, Switzerland, Luxembourg, Germany and the UK.
Investments company claims to be well-positioned for consequences of rate hike
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Investments company claims to be well-positioned for consequences of rate hike
Fri, 12 Jan 2007
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