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On with the old?

This will be the year of the stockpicker, with tracker funds set to lose out in volatile markets, according to IFAs.

Some IFAs believe there are no obvious winners in terms of sectors.

Hargreaves Lansdown head of research Mark Dampier says: “It is hard to identify a major market that is dirt cheap at the moment. Ever yone is pumping Europe but what you should be targeting are the stockpickers. Those are the guys that do well in a volatile market.”

London York investment director Robin Thompson says: “Last year was difficult and this year is going to be even more so. But those who are able to stockpick will do better than others.”

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