Banking stocks have underperformed at a time when they should be considered a prime investment. Instead, pseudo-banks are emerging as the real game-changers, says Walker Crips' Chris Kitchenham
October's sell-off contributed to bringing the valuation of the FTSE All-Share down to below historical levels. Tineke Frikkee, manager of Smith & Williamson's UK Equity Income trust, highlights stocks that still look attractive
The most recent global economic data suggests a general softening in growth activity - led particularly by Europe.
Aviva Investors Multi-Strategy Target Return
Veteran manager Anthony Bolton said he had "no idea what was coming" when he handed over management of the Fidelity Special Values investment trust in 2007.
The Tenax Absolute Return Strategies fund, run by Church House Investment Management, was launched just before the financial crisis of 2008, but it has held up well during the subsequent market sell-offs because of its cautious approach.
ITs in 2014: Narrowing discounts and an income focus
Has Old Mutual overpaid for Quilter Cheviot?