James Carthew looks at his defensive picks from 3 years ago and refreshes them in Jennifer Hill’s article:
“The manager is highly focused on avoiding downside risk where possible,” says Carthew. “With equity markets looking pretty expensive, GCP’s steady returns may prove relatively attractive.”
“It seems likely to me that the AI capex boom will run out of steam eventually and many stocks that are riding high may come down to earth with a bump,” he says. “Temple Bar offers a way of avoiding that fate.”
Read the article here