Equities investors are sitting on solid returns since the start of the year, leading them to ask one of the oldest questions in finance: should they take their profits before the summer holidays kick into full gear? Rising valuations for equities, bubbling inflation worries and concerns that central banks will have to tighten the liquidity spigot that has helped to drive up stock markets have all led investors to ponder whether it is best to sit out the coming months. “I’m hearing the ‘sell in May’ question all the time,” said Johanna Kyrklund, chief investment officer at asset manager Schroders.
