2021 Grand National: Why horses for courses applies to the investment world

Four horses

clock • 5 min read

With Grand National weekend upon us, Darius McDermott uses the well-known racing metaphor 'horses for courses' to explore a few investment funds and what they might offer a portfolio

With a history dating back more than 180 years, the Grand National is undoubtedly one of the biggest sporting events in the world. Held at Aintree racecourse, the handicap steeplechase is over 4 miles long and the sight of more than 40 horses going over the first fence is one of the most famous in all British sport. Last run in 2019, it is estimated that 13 million people bet on the race with up to £250 million heading to the bookies. The average price of a horse winning the race is 20/1. The race itself is all about stamina. Horses have to jump 30 fences and less than half of them us...

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