Young Fundpicker: It is an extraordinary time to be an investment professional

Young Fundpicker

Bond yields near all-time lows? Check. Credit spreads near all-time tights? Check. Equity market valuations near all-time highs? Check. Cryptoassets going to the moon? Check. Inflation at decade highs? Check. A global pandemic ongoing? Check. Sunderland AFC still stuck in League One? Unfortunately, check.

Okay, so I may have got carried away with the last point, but the key question that arises from the previous six is how can we, as investors, deliver positive real returns after the impact of inflation and charges for our clients from today? Because that is what matters.  It is the biggest challenge facing investors today and will likely define mine and many other younger investors' careers. How can we build portfolios that maximise the probability that our clients' spending power increases from today over the next three, five and ten years?  The majority of developed market governmen...