69: Why Heathrow is a better investment than Gatwick

“Successful investing is about managing risk and not being afraid to hold cash when you can’t find assets at the right price,” is the mantra of fund manager James Mahon. And it is very apt in today’s situation. Having been very cautiously positioned at the start of the year, as all assets were expensive, he spent March and April using cash to buy equities and bonds at much cheaper prices. James tells us about buying both the bonds and shares of Diageo (maker of Johnny Walker whisky) recently and why Heathrow airport is a better investment than Gatwick.
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SVS Church House Tenax Absolute Return Strategies invests in lots of different asset classes including fixed interest, equities, property, alternatives and cash. The managers look for low correlation of returns between assets where possible, and low volatility in the fund’s overall exposure. It is one of the few funds in its peer group that targets an absolute return from diversification and risk management alone. It does not short sell any securities or indices.

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The views of the author and any people interviewed are their own and do not constitute financial advice. However the knowledge that professional analysts have analysed a fund or trust in depth before assigning them a rating can be a valuable additional filter for anyone looking to make their own decisions. Before you make any investment decision make sure you’re comfortable and fully understand the risks. If you invest in fund or trust make sure you know what specific risks they’re exposed to. Past performance is not a reliable guide to future returns. Remember all investments can fall in value as well as rise, so you could make a loss.

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