The first months of 2005 have continued the themes of the year before. We have consistently favoure...
The first months of 2005 have continued the themes of the year before. We have consistently favoured Asian and European equities over the US, and continue to invest in defensive equities with an attractive level of dividend yield and some growth potential. We are relatively cautious on the performance of stocks at the aggregate (market) level, but continue to find good investment opportunities at the stock level. Consequently we believe that the environment will favour a stockpicking approach, and a global universe for searching out attractive investment opportunities. A low-return envi...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes