‘If in doubt, delegate' seems to be the mantra of a growing number of investors this year, as asset allocation portfolios giving managers discretion to shift capital between markets are a popular choice.
The highest dividend growth is seen when there is a sharp rise in inflation and grow least when inflation is stable, says Patrick Ryan at Lazard Asset Management.
Former government minister Lord Peter Mandelson has taken on a senior advisory role at US investment bank Lazard.