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07 May 2020
6 min read

Giving the unlovables a chance

Amid so much uncertainty, crowded positions can be particularly risky. I explain why we are therefore giving unlovable ideas a chance in this discussion on Bloomberg.

 

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We think a lot of investors like the same trades, such as healthcare equities and government bonds. But with so much uncertainty, crowded positions can be particularly risky: if the narrative changes, a lot of people can head for the exit at the same time.

We are therefore looking to give the laggards some love. Within equities, we’ve built a basket of some of the most hated segments; we’re also negative on gilts, despite their strong run.

To find out why we are giving unlovable ideas a chance, take a gander at our latest thinking on Bloomberg.

 

Active fixed income Active equity
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John Roe

Head of Multi-Asset Funds

With failed football dreams behind him, John applies the same level of enthusiasm to investing and how to improve outcomes by battling behavioural biases. He…

More about John

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