David Slater, Portfolio Manager, was quoted in the Wall Street Journal with reference to the increasingly low yields of German government bonds.

Commenting on Germany's position as a 'safe haven' for investors due to its strong fiscal position, David said explained "The fact that you have got this expansionary budget being run in Italy and in France increases the preference for German debt for people that are quite risk averse."

The rest of the article explains why investors may buy negative-yielding debt (effectively this means investors are paying a government to take on their debt).

It can be read in full here (subscription required).

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