There are managed funds and there are managed funds .Ignoring...

There are managed funds and there are managed funds .

Ignoring the distraction of US  political stupidity for a moment I see global debt bombs being primed to explode at the slightest touch.  Even slow interest rate increments could trigger them.

Time in the market is a BS strategy at the moment.  Timing the market is everything and if you really don't know what is happening you should keep your powder dry (at the sidelines) until you do,  That said, a good managed fund would, I believe, be keeping a substantial portion of its powder dry over the next 12 months at the very least.  There are times when wealth retention is more important that seeking growth on a gamble.

I am  dismayed that there is a  joker in today's AFR telling people that index funds are good because they have been good in the past.  This line is absolute crap.  Where will the ASX 200 go if China's true growth rate is ever revealed? Such revelations won't lead to dips followed by healthy bounces.  Dead cat bounces are more likely.

Still, there are innovative emerging companies that have capacity to sail against the wind in any economic conditions.  It's a good fund manager's job to find them and to let their clients know.

cheers