NVQ - Global Perspectives: Rising US Bond Yields? Value Investors Have Little To Fear

• Even as we see US rates making an orderly retracement away from record lows, we are struck by the angst this is causing many investors. In our view, rising interest rates should not of themselves be a cause for alarm.
• For equity investors, and especially those investing in value sectors of the market, rising interest rates should instead be seen as a welcome sign of recovery.
• Yet there is a niche of the market which may be exposed to this relatively predictable normalisation of financial conditions.

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