Latest news for Investec Asset Management

Is the recent bounce in equity markets the start of a new bull run or a bear market rally

(27/05/2009)

In early March, we noticed a curiosity in the equity performance tables: for several months, the average fund had been out-performing a falling market. The only explanation for this was that funds had high cash levels and so were positioned for market weakness. With valuations at extreme lows and pessimism rife, this was the signal we had been looking for. Markets usually make a fool out of consensus positioning and the fact that most investors w... [more]

Other alternative investment news