Twitter icon Email alerts icon Latest News RSS icon Magazine icon Stay connected:

View the article online at http://citywire.co.uk/wealth-manager/article/a746259

Stewart Cowley: the extraction of wisdom

by Stewart Cowley on Apr 14, 2014 at 14:30

But this should be seen as part of the process of 'early movers' acting on the markets rather than the emergence of wholesale money flows – that could be yet to come. 

Unfortunately, we now work in a market system that – despite our best efforts to finesse it – behaves in a coarse and uncouth way, indiscriminately sending prices higher or lower to an extent that you feel like a helpless passenger commentating on a car crash rather than a careful driver steering a considered course.

And it doesn’t take much of a shift in perceptions to set off a new and powerful trend.

You could say that whilst I have had my wisdom extracted, Mr Draghi may have just implanted a new wisdom into the markets that will dictate our investment taste sensations in 2014.

Citywire + rated Cowley runs the Old Mutual Global Strategic Bond fund, which has returned 5.6% in the three years to the end of March versus 1.78% rise in the benchmark.

Sign in / register to view full article on one page

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Sponsored Video: Bringing it all back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

Sponsored Video: Barings on investing in Frontier Markets


From Nigeria to Pakistan and from Kenya to Kuwait, frontier markets are catching investors' attention as never before.

More about this:

Look up the funds

  • Old Mutual Global Strategic Bond A Inc
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Look up the fund managers

  • Stewart Cowley
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

Archive

On the road

Click here to find out more from the Audience Development team.

Sorry, this link is not
quite ready yet