Low deflation will make decent returns a struggle

Low deflation means that achieving decent returns in future years will be a struggle, but not impossible, says George Luckraft, manager of the ABN Amro UK Income fund. Speaking at Investment Week's Market Forum earlier this month, Luckraft said the main thing is not to get greedy. Although it is possible to get lucky and make a lot of money, being greedy is more likely to result in big losses rather than big gains, Luckraft added. That is because excess returns means excess risk, and this is obvious given some of the accountancy trickery that has been revealed in recent times, not leas...