Where uncertainty is the only surety

SAFE HAVENS?

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With little value left in traditional ‘safe havens', David Thompson, managing director of marketing and distribution at AXA Wealth, explains where he believes the best opportunities lie in the current market.

Most investors will be glad to see the back of 2011; a year in which world equity markets tumbled and global bond yields were so low that some even slipped into negative return territory. Even gold’s status as the ultimate safe haven was called into question, but with the eurozone debt crisis still dominating the headlines, it is little surprise that many have entered the New Year feeling less than optimistic. Uncertainty remains the watchword in 2012. UK consumer confidence is at its lowest ebb in almost three years and it is hard to see grounds for a recovery in the near term. UK...

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