Investors panicked into buying gilts, says TAM

Investment manager claims investors are so nervous about current economic climate that they are counter-intuitively buying UK gilts, despite guaranteed negative real returns. Investors have been panicked into buying UK gilts despite yields being less than half that of inflation, Christian Holland, investment manager at TAM Asset Management, has claimed. He believes that investors are "so nervous" about the lack of economic growth and volatility on equity markets that they are prepared to lock in guaranteed negative real returns.