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.
