Few pockets of value remain for contrarians to exploit. David Liddell suggests three trusts that should prove resilient.
Our contrarian investor has eyed up an underperforming investment trust top-heavy with tobacco stocks, while there's also a bargain to be had in Japan.
When markets are stretched it's tempting to run to cash, but three trusts take contrarian investor David Liddell's eye.
In a world gone apparently mad after the UK vote to leave the EU in June, one might have thought contrarianism would be easy; one just has to stay sane.
Few investors can have expected the stock market carnage that unfolded in January to have occurred so early. Traditionally, January is quite a positive month.
China presents something of a conundrum for the contrarian investor - and probably for everyone else.
What is the contrarian play at the moment? To answer this, we need to know what the consensus is saying - and this is not necessarily obvious, at least as regards asset classes.
Taking account of valuation, economic prospects and political stability, the UK market looks a decent bet, says Ipsofacto's David Liddell.
It is perhaps not terribly insightful to say there is a bullish outcome, a bearish outcome and somewhere in between.