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Why the old rules of investing may no longer be true
No matter what your investment horizon or preferred way of investing, Damien Boey from Wilson Asset Management says the plumbing of the financial system matters. With central banks wrapping markets in cotton wool, bond yields and credit spreads remain suppressed while stock markets run hard. Whether intentionally or not, as a result, many investors are choosing to become passive thematic buyers. So, when do we return to value and quality?