Recent losses have been fuelled by the UK government’s plans for a series of unfunded tax cuts

Up to 15 years of gains wiped from some gilt ETFs

Investors have seen up to 15 years’ worth of gains wiped out in some exchange traded funds amid the chaos enveloping the UK gilt market.
iShares’ £1.1bn Core UK Gilts Ucits ETF (IGLT) is now trading at levels last seen in 2007, having fallen 33 per cent since late last year.
The sell-off has been sharper still for its sister £545mn £ Index-Linked Gilts Ucits ETF (INXG), which has plunged by 49 per cent — including more than 20 per cent since the end of September — wiping out 12 years of gains.

This story originally appeared on: Financial Times - Author:Steve Johnson