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Equity diversification is less important than conviction

As the talk around so-called 'closet tracker' continues AllianceBernstein's Mark Phelps thinks if want the index investors should buy passives but if they want active they need focus on concentrated funds. 

He also explains why not too worried about the political noise in the US. 

Phelps' AB SICAV I-Concentrated Global Equity fund returned 19.8% over the year to the end of April versus a peer return of 6.6%.

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Profile: Kevin Doran's formula for success at AJ Bell

Profile: Kevin Doran's formula for success at AJ Bell

From a degree in theoretical physics to teaching and becoming one of the youngest chief investment officers in the UK, Kevin Doran has certainly had an interesting career.

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