It's time for new investment terminology

UK EQUITIES

The generic classification of income and growth may be outdated, says Glen Nimmo of Revera Asset Management

It was recently my eldest son’s ninth birthday, and I am sure I will not have been alone in facing the pressure of deciding when your child should get their first mobile phone. Number one son was pressing for immediate capitulation – I was trying to hold on for a bit longer. All too unsurprisingly, I lost. The phone model in question was selected on the basis of its ability to withstand vertical drops onto concrete pavements. The response of his peers took me aback – “that model is so last year”. 90% of them did not have phones of their own. It was more important to be cool, but incommun...