Advisers and their clients must resist the temptation to wait for a crash before investing in markets, Artemis Global Select Fund manager Simon Edelsten told delegates at the 2019 SIFA Conference.
Speaking at the two-day conference, which began in Northampton today (6 June), the fund manager said that, when deciding whether to invest, people needed to think about whether we were now in a period of short-term volatility or the start of a bear market. In his talk, entitled Dealing with Global Turbulence: Is it time for a Defensive Approach?, Edelsten suggested a combination of bad economic decisions and expensive stocks could trigger the next bear market. Risks for investors to consider, he added, included trade wars, valuations, exuberance and excess debt. Neil Birrell: House of...
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