Kennox: Why we are backing gold and oil in 2016

2016 could turn out to be an interesting year for equities but investors will need patience, commitment and steady nerves in large doses, according to Charles L. Heenan, investment director at Kennox.

Six years into a bull market and value has become unloved. With markets narrowing towards the end of 2015 - a select group of stocks (the 'nifty-nine') drove returns while the overall US market remained flat - some are questioning whether growth and momentum have run their course. 2016 could turn out to be an interesting year for equities and it is evident that investors will need patience, commitment and steady nerves in large doses. As value investors we are comfortable buying unloved, yet excellent companies. A couple of examples to highlight are energy and gold - important sectors...