Why healthcare is the 'mermaid' sector for investors

Untainted by Brexit

Christmas is supposed to be full of glad tidings, but the final quarter of the year brought little cheer to the equity investor.

The FTSE 100 finished the year down nearly 10% from the end of September and down 8.7% for the year. In truth, the woes of Brexit mask a grimmer picture as the FTSE's constituents have high levels of non-sterling income, which is providing handy support to forecast earnings. Measured in dollars, it was down 14% last year. With a grim macro picture, it might be a tempting notion to cut one's losses and sit this period of uncertainty out in cash or gold. IA stats: Outflows mount from UK retail funds to surpass £2bn This is especially true for the UK investor as a disorderly Brexit...