Investing in defensive growth stocks is the wrong way to shelter from the uncertainty of equities, w...
Investing in defensive growth stocks is the wrong way to shelter from the uncertainty of equities, with traditional industrials likely to outperform going forward, according to Newton head of European equities Raj Shant. Speaking at an intermediary roadshow in Newcastle last week, which also included speakers from Aberdeen, M&G and Schroders, Shant said the 20-year decline in inflation and interest rates that fuelled outperformance by growth stocks has come to an end. 'Defensives aren't always defensive,' he said. 'These are the very companies people are going to because they're nervous...
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