This weeks podcast goes down an avenue we hold to and ensure this is one of the reasons we feel so against industry funds as they "compare the pair" and only basing this on the return, not the underlying assets and the exposure to risk by the fund.
Tony and Jamie discuss the definition of liquidity and why it has been so important in a portfolio.
Liquidity risk is not felt until markets are under pressure and failing, If illiquid assets represent a large proportion of a portfolio, there is a risk that clients may not be able to access their money when they want it. Tony gives an example of this and more through this podcast.
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