Benefits of being unfashionable

Asset classes

Equity income funds may seem like a boring alternative to growth funds but the UK market is geared to meet the needs of income-hungry investors, so these portfolios have a good chance of long-term outperformance

The virtues of consistency stand out in an unstable and volatile world. This applies as much to financial markets as to the political sphere. While retail investors have undoubtedly been cheered by the ability of the global stock market to show such a strong recovery over the past 15 months, such feelings must be tempered by memories of extreme price movements and recurrent anxieties, which have been an unwelcome companion since the Asian crisis of 1998. Investment is not just a matter of rewards at any cost, it also needs to focus on the level of risks incurred to achieve those ends. ...