Inflation
“ Of course , we couldn ’ t forecast a pandemic , but we ’ ve been seeing more fiscal spending , more real-economy spending and money going into infrastructure ”
Paul Flood Lead manager of the BNY Mellon Multi-Asset Income fund
going into infrastructure ,” he says . “ The transition to a green economy requires huge amounts of capital investment . It was always our view that governments will try to incentivise that one way or another , if not through private markets , through providing the debt themselves .
“ They are now doing that through subsidies .” While the headline-grabbing inflation numbers currently reported may be transitory , options remain for those seeking income , perhaps by casting the net a little wider than they are used to .
Issue 81 - February 2022 / 37 /