Andrew Morris: Where should you look for the best long-term returns?

Last month, we considered whether fixed income could still act as a defensive asset class - even in a rising rate environment - while we have also previously shown how property can act as a useful diversifier within multi-asset portfolios. This time, we are going to dig down into the ultimate driver of wealth appreciation - in short, where should investors look to find the best long-term returns? We all know different asset classes perform very differently in times of growth than they do in times of stress. For simplicity, we are using UK equities and UK government bonds for this researc...