Woodford: Equities are worth the risk

Writing in the Telegraph, Woodford says investors are currently facing difficult choices as the fallout from the financial crisis continues to be felt. The Invesco Perpetual head of investment says while the low current bond yield may be a reflection of investor risk aversion, he questions whether there are better opportunities on offer. "Unprecedented and unconventional measures were needed to rescue the financial system, interest rates are at historic lows and the credit worthiness of governments themselves has been called into question," he says. "This leaves investors facing di...