Fashion fad or wardrobe classic?

COMMENT

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In recent days sterling corporate bonds have had a little spurt in the markets.

I have liked this asset class all year, so it is a relief to discover some others now share my quiet passion. Investment is partly a fashion industry. You may be gloriously right about what will happen next to your chosen investments. You may get the profits and dividend forecasts right for much loved shares. You may read the property market well. You will not, however, be able to show a good profit on your portfolio unless others come in to buy your type of investment and drive the price higher. Like all fashion, in investment markets there can be nothing as dated as last year’s t...

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