Dennehy Weller: ‘Sell in May' could work again in 2012

Equity investors who ‘sell in May and go away' look well placed for a third consecutive year of outperformance, according to research from Dennehy Weller's FundExpert.co.uk platform.

A study from the adviser firm investigating the merits of the 'St Leger' method - selling on 1 May and only returning to stock markets following the second Saturday in September (St Leger's Day) - found the strategy reaped rewards in 2010 and 2011, and suggests there is "an element of déjà-vu about markets" this year. "The St Leger method worked superbly over the last two years and we expect the same again," said FundExpert.co.uk managing partner Brian Dennehy. The research pointed to the recent peak in market levels, the eurozone crisis and the ending of stimulus programmes (the ECB'...