It may be tempting to take profits from UK equities but Jamie Hooper, manager of the AXA Framlington UK Growth fund, says valuations are still attractive relative to fixed income products.
The nights are drawing in and the dark clouds are gathering. With UK equities having risen by over a quarter since the summer of 2012, it may be very tempting to book healthy profits and move on before the storm comes. Fed tapering is fast approaching. Bond yields and interest rate expectations are on the rise, threatening the nascent global economic, housing and corporate recovery. European austerity and deleveraging continue to drag. The forthcoming German elections revive fears of European Union prevarication and sovereign tensions. Predicting the path of Chinese growth is proving ...
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