Slaves to fashion might pay the price

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From Archive 06 October 2003

By PWM Editor

The recent flood of fixed interest and corporate bond fund advertisements urging the general public to buy into the bonds market has all of the feel of the late technology boom. Investors are lured with amazing historic returns, without reference to what the future may have in store. It is understandable that after three years of negative equity returns, the prospect of buying into a regular income producing asset has its attractions.

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Slaves to fashion might pay the price

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