Lagging in rising markets can benefit portfolio outcomes

Benjamin Treacy | Fidelity International | 22 August 2019 | 0.25 CE

On average, global equity markets rise over time and post positive return in most years. Most investors feel they need to capture these returns to benefit their portfolio. Trailing a rising market can feel like missing out. However, pure pursuit of highest returns can have unintended consequences. Protecting capital on the downside has a material impact on t...