Finlay Maclennan, investment manager at Henderson Rowe, talks to Charlotte Moore about the legacy of Benjamin Graham and the need for more physically backed ETFs based on emerging market indices
Tell us about the investment philosophy behind Henderson Rowe? We know that active management is difficult; it disappoints frequently and is also expensive. We take a pragmatic and realistic approach to investing in order to deliver real returns based on the performance of the global economy. We do not target index benchmark returns or absolute returns, which are based on a margin above the cash rate. We recognise that equities generate the best returns over the medium to long term but those returns are volatile over the short term. We tell our clients they must have a minimum investmen...
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