Fund managers consistently beat the drum about holding investments for the long term. Yet we continually see evidence of investors - professional and otherwise - selling particular areas on the lows and buying on the highs.
The latest major asset class to have fallen out of favour has been UK equities and with ongoing Brexit negotiations, an unstable political landscape, rising inflation and concern over interest rates, it is easy to see why investors are unnerved. According to the latest Bank of America Merrill Lynch survey, global exposure to UK equities has fallen to the lowest level since records began, while statistics from the Investment Association showed outflows from UK equity funds in January were twice the previous month's, reaching £532m. However, encouraging signs in the domestic economy ha...
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