'Being a contrarian is as mad as running with the herd'

clock • 4 min read

European Wealth Management's investment strategist Richard Stammers talks to Alasdair Pal about contrarian investing, how he views the UK market and the problems of accessing commodities.

How do you view market events of the past few months? We try to avoid being short-termist. We do not necessarily do things different from other people, but we try and do them very consistently. So much today is about people being caught up in the sentiment. There seems to a huge number of advisers that are. Emerging markets are a good example of where valuations are compelling but sentiment is against them. Commodities are the same. The collapse in asset prices after the Fed’s tapering talk was one of the most ridiculous things I have ever seen – arguably, Bernanke’s comments were dov...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Investment

Stories of the week: FCA fines increase; UK attracts over £14bn of private investment in AI

Stories of the week: FCA fines increase; UK attracts over £14bn of private investment in AI

FCA fines, AI investment, and UK growth: The biggest stories from the world of investment and asset management this week

clock 17 January 2025 • 1 min read
Former CIO of Neil Woodford client Acacia Research charged with insider trading

Former CIO of Neil Woodford client Acacia Research charged with insider trading

Alfred Tobia Jr and sister-in-law

Eve Maddock-Jones
clock 14 January 2025 • 2 min read
Stories of the Week: Surging gilt yields puts pressure on government's debt management

Stories of the Week: Surging gilt yields puts pressure on government's debt management

Government debt, investment trusts, and Saba: The biggest stories from the world of investment and asset management this week

clock 10 January 2025 • 1 min read
Trustpilot