Schemes cannot own same stocks in a downturn as in a recovery

By Ian Lance 2021-02-17T00:00:00

Pension funds need to respond to a regime change from the low-growth, low-inflation environment that suited bonds and bond proxy equities, to a reflationary/inflationary one that will suit cyclicals, energy and materials, and value stocks in particular, warns Ian Lance, co-manager of the Temple Bar Investment Trust.

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