Britain's Oldest Investment Funds Are Going Back to Basics
- ‘There’s going to be a lot of wild cards,’ one manager says
- Debt is out and Australian wine or Mexican airports are in
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It’s a brave new world in global politics, but it’s back to basics at some of Britain’s oldest investment funds.
Managers of three of them that started more than a century ago have a common message as the U.K. leaves the European Union, Donald Trump completes a year as U.S. president and Angela Merkel tries to form a government in Germany: It’s getting harder to predict the future, so don’t try.