The firms cited inflation risks, political instability and oil exposure, signaling a more cautious stance toward UK government debt.
Invesco, Rathbones, Ninety One and W1M Group have reduced their holdings of UK gilts, reflecting concerns about inflation risks, political instability and exposure to oil-related shocks. The move points to a more defensive view on UK government bonds as investors reassess how macroeconomic and political pressures could affect sovereign debt markets.