Time to switch out of bonds, says Pioneer CIO

Giordano Lombardo, the Milan-based group chief investment officer at global asset manager Pioneer Investments, explains why investors should be switching from bonds into equities and shares his outlook on Asian high-yield bonds and the effect Japan’s quantitative easing is having on regional bond markets. Pioneer has 165 billion $214 billion of assets under management.

There has been plenty of talk about the Great Rotation. To what extent is this happening
A combination of central bank intervention and blind buying by fearful investors has led to unprecedented low yields on so-called safe government bonds. Despite this, investors continue to pile into bonds. Before the crisis, flows into equity funds...