Less emphasis on thematic investment

Thematic investment is problematic in current market conditions, according to Jim Wood-Smith, chief analyst at Gerrard. Speaking at the group's London Investment Conference last week, Wood-Smith said that clear themes were no longer evident in the market, meaning fund managers had to seek individual opportunities. He said recovery situations show a lot of potential and investors should look to get into stocks which are rebounding after being hit by the recent slump in the market. However, the market generally is not as frail as many think it is, he said. For the year to date 25 out o...