Rathbones' Coombs: Why investors should ignore the US 'trash rally'

David Coombs, manager of the Rathbone multi-asset portfolios, argues now is the time to seek out quality stocks that can weather market volatility.

Many investors are currently surfing monetary policy to locate returns, moving from the US to Europe to benefit from the uplift brought on by the European Central Bank's quantitative easing, which began in earnest earlier this year.  But rather than chasing this beta play into stocks of questionable quality, there is an argument to follow the strong companies that are likely to compound their value over the next few years. Nowhere is that more evident than in US markets.  The S&P 500 index has delivered exceptional growth over the past five years, climbing steadily to more than double...