Defensively positioned funds have been caught out by the surge in equities and the leadership of technology-related mega-caps. Their performance over most time periods looks lacklustre and investors are not inclined to give them much credit for reducing risk when it would have been better for performance not to. But their long-term record shows that relative performance bounces back at times of turbulence, when their
A defensive bet for volatile markets
Mar 08, 2024
2 minutes
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