Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Mark Costar, senior fund manager, JOHCM UK Growth Fund.
Anyone reading the financial press recently cannot have escaped the deluge of cautious commentaries. These bristle with stern warnings about complacency and unusually low volatility, and largely predict an imminent sell-off in risk assets. But this simply betrays how deep the scars of financial crisis still run. Investors are still on the defensive.
Companies have been deleveraging for seven years, and consumers remain reluctant to put their hands in their pockets. Yet, as the old [...]