Issue 46 / December 2018
FE Trustnet
magazine
A DAMP
SQUIB
2018 in review
THE “EASY” PART
Reviewing your
options at retirement
PICK AND MIX
Experts’ investment trust
selections
FASTEN YOUR SEAT BELTS
Your guide to every sector
in 2019
Fund, Pension, Trust / Sector Profile / Stockpicker / What I Bought Last
ISSUE 46
CREDITS
FE TRUSTNET MAGAZINE
(FORMERLY INVESTAZINE)
IS PUBLISHED BY THE TEAM
BEHIND FE TRUSTNET IN
SOHO, LONDON
Editor’s letter
Y
ou may
remember
FE Trustnet
Magazine’s first issue
of 2018 – if only for the
cover feature titled
“keep on running”,
which focused on
how everyone was in
agreement the bull
run would gather
momentum and
markets would end the
year higher than when
they started.
You know what
happened next. In
any case, Holly Black
looks back at 2018 in
this month’s cover
feature to find out what
went wrong, while
13
CONTACTS:
Javier Otero
Art direction & design
W: www.feedingcrows.co.uk
Editorial
Gary Jackson
Editor (FE Trustnet)
T: 0207 534 7680
Rob Langston
News editor
T: 0207 534 7696
Mai Sardon
Reporter
T: 0207 534 7625
Sales
Richard Fletcher
Head of publishing sales
T: 0207 534 7662
Richard Casemore
Account manager
T: 0207 534 7669
Constance Candler
Account manager
T: 0207 534 7668
Photos supplied by iStock
Cover illustration: Javier Otero
In our regular columns,
John Blowers examines
your options at the point
of retirement, Downing’s
Judith MacKenzie
names three stocks that
should benefit from the
value style’s resurgence
and Shore Financial
Planning’s Ben Yearsley
reveals which fund he is using to protect his
portfolio if the US bull
run comes to an end.
Have a great Christmas
and new year.
Impax Environmental Markets
find themselves under the
spotlight this month THE “EASY” PART WHAT I BOUGHT LAST
Contents
WEBSITE: www.trustnet.com
EMAIL: editorial@financialex-
press.net
Anthony Luzio
Editor
T: 0207 534 7652
Cherry Reynard takes
a more specific look at
the investment trust
universe. Adam Lewis
and I go the other way,
as I ask the experts for
their investment trust
recommendations and
he runs the rule over
every major sector for
the year ahead.
A DAMP SQUIB
Holly Black looks back at 2018
in FE Trustnet Magazine’s
traditional end-of-year review
P. 2-7
THE BRIGHT SIDE
OF JAPAN’S LABOUR
CRUNCH
Baillie Gifford Shin Nippon’s
Praveen Kumar tells Joji
Sakurai that Japan’s staff
shortages have sparked
creativity and investment
opportunities
P. 8-11
PICK AND MIX
Anthony Luzio asks the experts
for their investment trust
recommendations for the year
ahead
P. 13-16
ALTERNATIVE
TIMES CALL FOR
ALTERNATIVE
SOLUTIONS
James de Bunsen and Peter
Webster reveal how they are
positioning the Henderson
Alternative Strategies Trust
for the latter stages of the
business cycle
P. 28-33 John Blowers weighs up
your options at the point of
retirement
FASTEN YOUR
SEAT BELTS BACK IN PLAY
Adam Lewis sums up the
outlook for every regional
investment trust sector in
2019
P. 34-39
IN NUMBERS
P. 42-47
Anthony Luzio
Editor
Shore Financial Planning’s
Ben Yearsley says Artemis US
Extended Alpha should offer
some protection if the US bull
run comes to an end
P. 50-51
Downing Strategic Micro-Cap
Growth’s Judith MacKenzie
picks three stocks that should
benefit from the value style’s
resurgence
P. 48-49
Crunching the biggest trends
down into figures
P. 40-41
P. 18-21
GETTING THE
MESSAGE THROUGH
A growing number of people
are coming around to the
advantages of investment
trusts, writes Cherry Reynard
P. 23-27
FUND, PENSION, TRUST
Schroder MM Diversity,
Fidelity Global Dividend and
18
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