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Investments analyst questions quiet summer season theory
Wed, 25 Apr 2007
An investments analyst has investigated claims that an investments mantra should no longer be considered relevant to the modern stock market .

John Berman, chief investment officer at investments specialists Santander Asset Management UK, has ridiculed the idea that it is financially prudent to sell shares in May and acquire them again in September following the summer investments lull.

Evaluating the investments adage, Mr Berman said that "for investors, it is as useful as a clotted cream tea".

Explaining this stance, he pointed out that in 2003, 2004 and 2005 the investments market experienced growth between the months in question.

And he said that the idea of a relaxed summer away from the office "is not something many of today's City workers would recognise".

"Markets are global, highly competitive and pay no heed to the English summer social season," he asserted.

Earlier this month, financing expert Jason Hollands of F&C Investments also questioned the validity of the mantra.

In a study from the investments organisation, it was revealed that 70 per cent of summers in the last two decades had seen investments grow on average.

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