Unlike many other market participants, we do not see a general value rally in the near term. To us, there still remains a lot of value traps, writes Jeremy Lang, manager of the Ardevora UK Income fund.
Focus on high-quality companies
Eoin Murray, head of the investment office at Hermes Investment Management, questions how much of the recent market rally is grounded in reality.
The UK may have one of the highest dividend yields globally with the spread above bonds near record highs, but Blake Hutchins, portfolio manager on the Investec UK Quality Equity Income fund, asks if this could soon be under threat.
Equities already entered a bear market
Oil price slipped below $30 a barrel in January