Each week, a professional investor tells us where she’d put her money. This week: Lucy Macdonald, Brunner Investment Trust.
Forecasting political outcomes has never been a particularly fruitful pastime for a long-term investor. The political surprises of the last year, together with unforeseen events in currency and commodity markets, led to increased volatility for stockmarkets. However, these periods of volatility have not lasted long and equity prices have risen in between times.
In particular, the markets weathered the EU referendum result and ended with a Trump-inspired rally amid hopes of tax cuts and a [...]