Mumford: Equity investment is 'no-brainer'

Paul Mumford of Cavendish Asset Management said there are so many opportunities in the equity market at present he would be amazed why anyone would consider investing in bonds.

“It is a no-brainer in my opinion as there is so much value in the marketplace,” Mumford said. The manager of the Cavendish Opportunities fund is particularly excited by prospects for companies outside the blue-chips. Mumford prefers generic drug producer Alliance Pharma over Glaxo, for example, as he believes the former can grow more quickly than the latter can find a new blockbuster. This month, the seasoned stockpicker is celebrating the 25th anniversary of his Cavendish Opportunities fund, which has returned 808% over the period to 4 February 2013. Over the same time, the ...