Investment Week columnist David Stevenson gets Mundy's views on how a contrarian operates in volatile markets.
David Stevenson (DS): You are a self-confessed contrarian. But markets over the past 18 months have lacked direction. Has that made things difficult for this style? Alastair Mundy (AM): Yes, we have not been doing a lot, but a lot of the time we do not do a lot. I think if we were absolute pure contrarians, we would be looking for absolute value, but we have more of an institutional mentality, so look at things in relative terms. We always get opportunities because there is always something rising relative to the market and always something falling relative to market. However, we d...
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