Stephen Cranston Writer & columnist

It can’t be fun to get the wooden spoon for the worst-performing equity fund of 2019. But this year PSG Equity managed to lose almost 7% in a market in which the major asset classes gave real returns.

Most of us don’t feel that we are in an equity bull market, as it has been a very narrow market, driven primarily by platinum shares and a few giant rand hedge stocks, such as British American Tobacco and Richemont...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now