What the second quarter holds

UK EQUITIES

Alan Custis, portfolio manager at Lazard, considers the prospects for the UK equity market in the second quarter of 2011.

We remain cautiously optimistic in our outlook for UK equities, given the market’s resilience in the face of a number of unprecedented global events. The performance of the UK market despite the range of potential setbacks is very supportive of our view that UK equities remain attractively valued. Global events The earthquake in Northern Japan and the subsequent humanitarian and nuclear crises has quite rightly seen the world rally in support of the Japanese people. Initially markets fell globally and the yen strengthened, causing concern the global economic recovery could be undermin...