For various reasons, the UK economy has spluttered along rather than showing any steady signs of sustainable growth. Its more recent figures have been floating round the zero growth level, with a fall of 0.3% in Q4 last year, and growth of just 0.1% in the first quarter of 2013.
Thankfully, it is markets that you invest in and the FTSE continues its rise with the FTSE All Share, 100, 250 and 350 indices up by 17.8%, 16.6%, 25% and 17.7% in the past 12 months.
How UK-centric these earnings are is also a hot topic for debate but, within reason, who cares where they are as long as they are positive returns that work within the volatility/wider risk band that suits the investor’s needs?
It was precisely this kind of issue – along with many other – that were discussed at Portfolio Adviser Expert Investor UK Equity event in London a couple of weeks ago.
Which of these fund managers explained an automatic rule in how he runs his UK Equity fund when he said: “If I own it and its share price goes down, I buy more.”?
As a clue, he’s definitely on slide six and dominates most of slide ten…
