Diageo

Increases holding to 50.2% of investment trust

Minimum investment of $2,000

Tenpin, emerging markets and Alphabet

Added to Asia and luxury spending holdings in UK and global equity funds

Why Ikea store closure will not flatten market

Drinks giant dropped due to excessive 'valuation risk'

'Plenty of false dawns' along the way

Value stocks may have enjoyed a welcome change in fortunes in recent weeks, but they have been swimming against the tide for years as investors have sought the perceived security of quality and low-volatility stocks.

Never catch a falling knife. Helpful health and safety advice but, in an equity market context, does the idea of not buying shares in companies that have seen a material price decline really help one make money over the long term?

Top five holdings make up 45%