At the start of the year all the investment houses like to roll out their investment plans with such confidence and aplomb.
This year, you will be assured, they will have thought it through even better than before and should no doubt have a good chance of appearing to get it right. Graphs, ratios and long earnest tracts of well argued prose will back their views and inevitably will have the convincing air of credibility. Sadly though for all the effort, thought, and no doubt cost, that has gone into it, the day it is published is also the day it is out of date. Asset allocation of client assets is a dynamic operation, and as such may vary from day to day. As events over the past few months will have clearl...
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