Issue 86 / July 2022
So you ’ ve bought a dud
How should you react if one of your investments collapses shortly after you have bought it ? Cherry Reynard finds out
P . 6-15
Future impact
Kate Fox and Lee Qian , joint managers of the Baillie Gifford Positive Change fund , discuss four areas of impact investing that could solve some of the world ’ s toughest challenges
P . 16-23
Chasing your tail
Anthony Luzio finds out when rebalancing your portfolio becomes performance chasing
P . 24-30
True believers
Hannah Smith reveals how to explain to a die-hard crypto fan that there may be a better way to invest their money
P . 32-41
Fund , pension , trust
Jupiter Japan Income , Montanaro UK Smaller Companies and Securities Trust of Scotland find themselves under the spotlight this month
P . 42-47
Favouring the brave
There may be more pain to come for the IA UK Smaller Companies sector in the short term – but the rebound should be a sight to behold when it eventually arrives , writes Adam Lewis
P . 48-55
My first market crash
John Blowers offers tips on how novice investors should react to their first bear market
P . 56-65
Back in the saddle
Adam Rackley of the VT Cape Wrath Focus fund uses a capital-cycle strategy which leads him into companies that have been starved of investment . He names three of them here
P . 66-67
What I bought last
Peter Walls of the Unicorn Mastertrust says that the Aberforth Smaller Companies Trust is trading at a “ quadruple ” discount
P . 68-69