Asset allocation is at least as important as individual share selection. So where should you be putting your money? Here’s our monthly take on the major asset classes.
The bubble continues
Mortgage approvals slid to their lowest level in nearly a year in June, leaving them almost 20% below January’s peak. April’s introduction of the Mortgage Market Review, which forces banks to do affordability checks before lending, may be behind the drop. Yet houses in many parts of the UK remain historically expensive, and are absurdly overvalued in London. America, where prices have been rebounding for [...]
Want to read this article now?
Already a MoneyWeek subscriber? Please log in below.
Not a subscriber? Sign-up now for a 4 week FREE trial to get instant access.