Hugh Hendry's Eclectica fund famously made 31% in 2008, a year that saw US stocks slump by almost 40% as the global credit crunch kicked in. Hendry was also right to say deflation, rather than inflation, would be a key theme in the post-credit-crunch era, and last year raised eyebrows again with a well-timed bet on the dollar. This helped the Eclectica fund gain 28% in the year to June 2015.Now Hendry is eyeing opportunities in Europe.
European monetary policy now suits the troubled periphery, but it is too loose for Germany, he says. And that bodes well for the German housing market. Property isbenefiting from a demographic tailwind, he notes. The population is moving from the east and the countryside to cities and the more populated areas of west Germany. Vacancy rates are low in these areas and "the pressure on the housing stock means prices are finally rising from a low base".
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FCA reveals 'once in a generation' advice changes - what the reforms mean for youConsumers to get free access to financial advice type help for pensions and investment following proposed changes from the regulator
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Zoopla: House prices slows to 1.4% in May as rate of sales at four year highThe average UK property now costs £268,400, Zoopla says, but some areas of the country are experiencing much higher price growth than others.
