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All I want for Christmas: Six readers reveal their wishlists

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on Dec 20, 2013 at 12:51

With the festive season almost upon us, we asked leading wealth managers what they want to find in their stocking on the big day.

Darren Ruane, head of fixed interest, Investec

‘All I want for Christmas is for bond markets to normalise. I have enjoyed the supernormal returns achieved in bond markets since I joined them in the mid-1990s and fear that the next year or two could (again) see negative or low returns at best.

‘A quick normalisation of 10-year UK government bond yields to, say, 3.5-4% could at last see me turn up to client meetings and speak positively about my asset class for the first time in quite a while.

‘Alternatively, a ticket on Virgin Galactic’s journey into space is a good second best.’

Alex Boyle, senior investment manager, Hawksmoor

‘All I want for Christmas is an investment strategy for 2014 which is deep and crisp and even, and to see my three ships come sailing in, namely, HMS Global Equity Income, HMS UK Equities and HMS Absolute Return.

‘In my stocking, I would like one of those novelty black swan detectors (even though I don’t believe they exist) and a crossbow (just in case they do).’

Ben Seager Scott, Bestinvest

‘All I want for Christmas is world peace.

‘Sadly I fear this one is a long/short, but when I look over the investment landscape, political risk is back at the fore, whether in the US over the budget and debt ceiling, China over the reform agenda, Europe over the future of the eurozone or a dozen other places. Confidence over politics is an important factor for markets, so perhaps these politicians sharing a glass of sherry – or a kiss under the mistletoe – over the Christmas period could smooth the way for a more benign 2014.’

Chris Bell, senior investment manager, Capital International

‘UK small caps three years ago (in a leveraged ETF), fewer grey hairs, a Bitcoin in my Christmas pudding, a model portfolio for every global inhabitant and a chance to spend the day with Richard Branson.

‘Plus Leicester City to make the Premiership in 2014, gold to glitter, a less stressed nation, some spare cash to go heli-skiing, another calm year for clients and, most importantly, avoiding spreadsheets.’

Glenn Meyer, head of managed funds, RC Brown

‘Before replying I had an epiphany (but it’s okay, it’s cleared up now) and this year I’d like to ask for some very simple things. These three old chestnuts: peace and goodwill to all mankind, a large pinch of salt to be taken when reading economists’ forecasts and a collection of baskets to keep the well diversified assets from my clients’ portfolios in.’

John Henderson, investment director, Rathbones

‘My mother asked exactly this question and I replied a Ferrari and a Caribbean Island. I mean, I don’t think that is too much to ask for. She asked why, and to be honest because they were the most decadent extravagant symbols of excess that I could imagine. Having them would symbolise grotesque wealth and a desire to escape reality.

‘It would also suggest that austerity was over, the FTSE is at 20,000-plus, UK politics would be irrelevant, and the sun would always shine. Sadly, as my mother pointed out, I am liable to be disappointed on Christmas Day.’

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