Magazine
Latest Issue

Investment

Are the so-called “defensive stocks” as safe as people say?

By Andy Davis   187

For all the volatility in equity markets over the summer, a few themes have held good—the gold price keeps rising, bank shares keep falling, and wherever you look, people keep saying: “Buy defensive equities.”

Gold is becoming a core retail investment option. For the first time in one regular survey, as many British retail investors (38 per cent) say they intend to buy gold as to buy dividend paying shares. The decline in bank shares is happening for two good reasons: developed economies are slowing and their banks hold a lot of government bonds that are worth less than had…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with our newsletter, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

We want to hear what you think about this article. Submit a letter to letters@prospect-magazine.co.uk

More From Prospect