Woodford: Investors are inexplicably ignoring quality

DO NOT IGNORE QUALITY

Invesco Perpetual head of investment Neil Woodford believes it is only a matter of time before investors reward dependable equities.

Writing in the Financial Times, Woodford says the economic outlook is fraught with uncertainty and it is "inexplicable" the stock market is not embracing some of the UK's strongest stocks. The phrase "nifty fifty" conjures mixed emotions in those able to remember that particular episode in investment history. The saga ended badly, with shares that had enjoyed extraordinary popularity as part of this elite band of "one-decision" stocks performing catastrophically through the bear market of 1973/74. Enduring household names such as Coca-Cola, McDonald's, Walt Disney and American Express...