Stay connected:
Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a658847
Bonham Carter: come out of the closet and be active
Markets
by Danielle Levy on Feb 14, 2013 at 10:07
'I think that is partly the world we are in today. It is very hard to work out objective benchmarks and values if the bond market and the price of assets has been altered and manipulated. And that makes it more challenging. It means you retreat and stick to what you are good at in the first place, which is fundamental analysis.'
He added: 'The challenge of course for an equity house is the sustainable level of profits in companies and ventures, what is it going to be in 10 years time and what are the competitive barriers to entry that you can believe in and therefore price on behalf of your investors. That is the challenge my colleagues face, I just need to make sure they behave.'
Coming back to his initial question, he concluded: 'I realise the FSA has looked at the issue of where the beef is in the bull market. I will let you work out which FSA it is. We have worked out actually it is a horse disguised as a bull at the moment that is causing all the trouble.'
News sponsored by:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
More about this:
Look up the shares
Look up the fund managers
Archive
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
Click here to find out more from the Audience Development team.
1 comment so far. Why not have your say?
A Pershing customer
Feb 14, 2013 at 16:02
Now that Jupiter has come out of the closet will it be changing its logo to a pink planet. Maybe best not to make any comments about the rings.
report thisleave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.