on strategies

It's been a lousy summer, the rain didn't stop, the sun never shone and hopes of an Indian summer ha...

It's been a lousy summer, the rain didn't stop, the sun never shone and hopes of an Indian summer have already disappeared. The stock market rallied briefly but is now retreating. The number of 'safe' sectors has diminished further as resource stocks have taken a battering; the emerging markets are increasingly feeling the impact of the credit crunch and the pain in the banking sector continues to grow as consumer indebtedness on both sides of the Atlantic bites ever harder. Who wants equities? Clearly a defensive strategy makes a lot of sense and one trust that has had such a strategy fo...