Contrarian investing has witnessed
remarkable success stories over the
years

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Overall, property warrants a place
alongside equities within our basket
of growth assets

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One can achieve substantial results and benefit through better long-term
risk-adjusted returns

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Several sectors within commercial real
estate still present promising long-
term prospects

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There is a natural linkage between the
concept of success and that of succession

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…many UK companies (and in particular
mid-caps) are an undervalued opportunity…

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Selling investment trusts at this time does not feel economically rational

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When sizeable banks fail investors are
rightly nervous, and this was immediately
reflected in markets

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