Psigma's six fund picks for 2013

After a strong year for most asset markets in 2012, many commentators are pointing to a much leaner year in 2013.

Perhaps worryingly, we remain 'cautiously optimistic' about the prospects for the global economy and financial markets and expect another decent year for equity markets. Yes, there will be plenty of volatility, but there should also be ample rewards for patient and nimble investors. With credit spreads having narrowed significantly in recent months, we are not forecasting another bumper year for fixed interest investments, although we do expect another mildly positive year. Our base case for 2013 is that economic momentum will improve as we head in to the New Year, helped by a pick-up...