Market fluctuations as a result of coronavirus have seen investors ask their advisers whether they should try to capture portfolio gains by reallocating their assets. Many IFAs are telling their clients to sit tight and ride the wave of volatility, but what are these advisers doing with their own portfolios? Claire Tyrrell finds out.
Wingate Financial Planning Chartered financial planner Alistair Cunningham has always been a firm believer in active fund management but has toned down his investments over the years. When global markets tumbled in late March, he rolled the dice and poured the active portion of his own personal portfolio into "distress stocks", such as those linked to oil prices. "The stuff I hadn't moved to more conventional investments, I switched across to some distress stocks. Arguably all stocks are distressed, but in March BP was particularly because that was the time when we had an oil price wa...
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