There's no harm in being old-fashioned

At a time when it is becoming ever more fashionable to trade investments, the traditional virtue of ...

At a time when it is becoming ever more fashionable to trade investments, the traditional virtue of buy and hold is seen as old-fashioned at best and a downright abdication of responsibility at worst. In a world where fund manager turnover is on the rise, it is less and less likely the manager who runs the portfolio will be there in three or five years' time. With a backdrop of high sector and style rotation, it is seemingly becoming more difficult for a fund to consistently perform in all market conditions. All this is happening at a time when the sales and marketing departments of fund ...