As EdenTree's Robin Hepworth approaches the 25-year anniversary of running his £491m Higher Income fund this November, he said he struggles to recall a more anomalous interest rate environment than the one witnessed today.
Hepworth explained the adoption of technology across industries is a major factor that will keep inflation - and therefore rates - suppressed and it is therefore uncertain when value as an investment style will return to favour - but he is confident it will, in time. He said: "These things are very theoretical and it is difficult to prove when they might happen but over the long term it always seems to have happened...
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