2019 proved a good end to an otherwise forgettable decade for UK investors.
Equities and gilts gave their best performance for three years on a total returns basis. So did UK corporate bonds and gold priced in sterling, defying the idea that bullion only goes up when other assets hit trouble. Will equities climb a wall of worry in 2020? Cash-in-the-bank, meanwhile, paid the most since 2008, but it has now lagged inflation non-stop since the Global Financial Crisis. Like interest rates and volatility, gains across broad UK asset classes have also been historically depressed since 2010. Outperformance - at what cost? Sterling investors will be grate...
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