Page 47 - DIY Investor Magazine - Issue 23
P. 47

     This view is supported by the fact that defensive stocks have done rather better than their earnings numbers might suggest, implying investors might be focused rather more on macroeconomic factors like interest rates and bond yields than earnings and profits.
Nonetheless, Marlborough has held its own with three- year returns that rank it seventh for the sector overall.
Other names worthy of mention include Aberdeen, which has two funds in the top three for returns, and Jupiter, which is one of those increasingly rare breeds in our universe – a longstanding fund with good performance and lots of gatekeeper picks.
Whether we crash out of Europe or not, European companies will continue to be indispensable constituents of a diversified equity portfolio.
Currently depressed prices may offer investors a significant opportunity in 2019 and beyond.
Established in October 2010, Fundscape is a research house specialising in the end-to-end research and analysis of the UK fund industry.
It is the publisher of the quarterly Fundscape Platform Report, widely regarded as the industry benchmark for platform data and statistics in the UK. With many years’ industry experience, its team is well placed to provide unique insight into asset management and distribution trends, including product development, distribution and marketing. Visit Fundscape.
 47 DIY Investor Magazine | Oct 2019

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