Where next for investors' great hunt for growth?

Central bank monetary policy has suppressed interest rates since the global financial crisis, leading to the greatest search for income in investment history, writes Philip Harris, manager of the EdenTree Investment Management UK Equity Growth fund.

With yields on gilts plunging to historic lows, premiums have risen for UK stocks offering decent streams of income. As global growth now stalls, alongside the fresh uncertainty unleashed via Brexit, we have entered a new phase: the great hunt for growth. The financial crisis is now seven years behind us, yet the growth engine is still stuttering. Despite further interest rate cuts on the horizon, as well as a resumption of QE, the UK and other developed economies continue to exhibit low rates of actual and nominal growth Deflation remains a constant risk. In this low-growth and uncer...