Investors need selective stock selection says Omam's Nickols

Investors will need to be more stock selective as the market moves into a new phase says Old Mutual A...

Investors will need to be more stock selective as the market moves into a new phase says Old Mutual Asset Managers' Dan Nickols. The Old Mutual UK Select Smaller Companies manager says the equity market is starting to differentiate between economically sensitive stocks with the potential to rally and those which have already priced in the extent of any profits recovery. "At the recent nadir of the market, share prices for a range of indebted and cyclical UK mid and small cap companies reflected an expectation that they would become insolvent," says Nickols. "However, the evidence of rec...