The recovery in equity markets that began in March is set to continue, according to Skandia Investment Group's (SIG) chief investment officer James Millard.
As a result, the group remains overweight in equities but is favouring Asian stocks over their non-UK/European counterparts. Millard says: “In June, most data confirmed that the recovery was broadening around the world. Business sentiment indicators rose, with the leading components suggesting positive industrial production and GDP in the second half of the year. “We remain overweight equity markets. Equities are cheap against both bonds and cash and they should be well supported in the months ahead. We continue to prefer Asian equities over non-UK/European equities because while Asia is ...
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