Navigating the new 'investment' world order

Tom Ewing, manager of Fidelity's UK Growth fund, takes a defensive approach to investing post credit crunch and economic downturn

Approaching the second anniversary as manager of Fidelity’s UK Growth fund, Tom Ewing is now faced with a world decidedly different from how it did in December 2007. While the past two years has been highlighted by the credit crunch and a sharp economic downturn, Ewing’s investment approach has not altered during this period. The recent official GDP data seem to be at odds with PMI numbers. From talking to company management, what feeling do you get for the state of the economy? Office of National Statistics data is backward looking and so investors should not be too concerned by t...