Disclaimer: Views in this blog do not promote, and are not directly connected to any L&G product or service. Views are from a range of L&G investment professionals, may be specific to an author’s particular investment region or desk, and do not necessarily reflect the views of L&G. For investment professionals only.
Giving the unlovables a chance
Amid so much uncertainty, crowded positions can be particularly risky. I explain why we are therefore giving unlovable ideas a chance in this discussion on Bloomberg.
We think a lot of investors like the same trades, such as healthcare equities and government bonds. But with so much uncertainty, crowded positions can be particularly risky: if the narrative changes, a lot of people can head for the exit at the same time.
We are therefore looking to give the laggards some love. Within equities, we’ve built a basket of some of the most hated segments; we’re also negative on gilts, despite their strong run.
To find out why we are giving unlovable ideas a chance, take a gander at our latest thinking on Bloomberg.
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