A Macro Outlook for bonds from Futuregrowth Asset Management

What happens in the fixed interest market depends very much on the inflation outlook and the ensuing monetary policy responses. The broad macro outlook as well as political influences play a part too which is why fixed interest managers are always so interesting to talk to in that they pull the "bigger picture" firmly into their decision making. The bond market has been yielding above average real returns which has meant satisfied investors, but the tide may be turning. Wikus Furstenberg, portfolio manager withFuturegrowth Asset Management, tells us how they see the bond market in 2015.