CFA: Don't skewer long-term investors
Investor spokesman Will Goodhart has defended short-term investors, saying there is no ideal holding period
INVESTOR CHAMPION Will Goodhart, chief executive of the CFA Institute, has defended long-term investors, saying: “They should not suffer discrimination on the basis of their holding periods.”
Writing to the Financial Times, he said the discussion about long and short-term investment is “misplaced”, arguing “there is no single optimum holding period”.
The Department for Business, Innovation and Skills has called for evidence on a consultation, Long-term focus for corporate Britain, and some stakeholders have accused short-term investors of irresponsible strategies.
Goodhart (pictured) concluded: “Each group has the same aim – to maximise risk-adjusted returns – but may use different approaches in expressing their views.”