Multi-asset funds are the future

"It has become harder to identify value and easier to identify risk," according to Simon Edwards, ch...

"It has become harder to identify value and easier to identify risk," according to Simon Edwards, chief executive of Midas Capital, in a note the group distributed last week. Edwards is not the first to make either point separately, but it would appear the first to say publicly that the two key issues are linked. Does this mark the end of the four year bull run? After all it is a four-year run that many advisers and their clients got into late. In retrospective it was easier to say that the low point in the UK equity was the autumn of 2003, a little over 8 months after the dotcom crash of...