A new political backdrop for the UK, Europe's Greek pain and distorted equity markets

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

  Steve Davies on UK Growth After a General Election campaign that appeared so close, with a wide range of potentially confusing outcomes, the result was clearer than anyone could have expected and the risk of weeks of prolonged political wrangling was taken off the table. There are two areas that should benefit from the new political backdrop: the UK domestic economy and, in particular, banks. The election result was good news for UK banks because it removed some of the risks the sector might have faced under a Labour-led government. Labour had pledged to increase the bank levy,...