Lord Jacob Rothschild, chairman of the £2.8bn RIT Capital Partners investment trust, has highlighted the importance of capital preservation during times of "anaemic" growth, geopolitical risk and the "greatest experiment in monetary policy in the history of the world".
In the investment company's half-yearly financial report, Rothschild (pictured) said investors are currently in "unchartered waters" as it is impossible to predict the impact of a low interest rate environment. He said: "The geopolitical situation has deteriorated and the slowing down of economic growth will surely lead to problems. "Conflict in the Middle East continues and growth remains anaemic, with weak demand and deflation in many parts of the developed world." "In times like these, preservation of capital in real terms continues to be as important an objective as any." As...
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