A stronger US economy, fragile Japan and reviving European markets

Fund managers give their views on the key issues impacting global asset classes and outline how they are positioning portfolios.

  Mike Felton on UK Growth Sterling has weakened slightly against the US dollar but investor confidence remains fairly robust, evidenced by the FTSE 100's extended multi-year rally to an all-time high this year.  However, investor focus should remain on central banks and monetary policy as opposed to any impact from last week's general election. The current deliberations in Europe and US present investors with far more pressing issues, and  central banking policies continue to drive markets in the short term.  As a consequence, the prospect of the first interest rate rise since J...