An active approach to managing index-linked gilts will pay dividends

Investors have traditionally opted for a passive approach to managing their index-linked gilt exposure. But Miles Tym, institutional gilt fund manager at M&G Investments, argues the impact of structural changes and increased volatility in the market means that an active approach now will pay dividends


Index-linked gilts remain the purest form of inflation hedge available to sterling-based investors. Yet the market is as expensive as many market participants can remember because demand continues to far exceed supply.
Many institutional investors look at this relative expense and assume a passive approach is the only sensible route. The argument is so pervasive that there's a widely held misconception that active investing in index-linked gilts is tantamount to a zero-sum game.

This argument

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