Why turning to ‘classic’ recession stocks is risky

A number of fund managers have said it is difficult to be sector specific when choosing which areas could benefit from the UK slipping into a recession, as Fidelity’s investment director warned moving into classic defensive areas is a risky manoeuvre. However, Hugh Yarrow who co-manages the Evenlode Income fund with Ben Peters discusses with FT Adviser the potential investment opportunities if there is a recession.