SIG's Millard expects global equity rally to continue

Skandia Investment Group's James Millard believes the recovery in equity markets will continue for the next few months and favours Asian stocks over the UK and Europe.

The SIG CIO says the group remains overweight in equities, but has reduced the size of its US position, predicting more pronounced growth elsewhere in the world. SIG is still overweight Latin America and has pulled the UK back to neutral. "The green shoots that first appeared in the spring are now turning into something more substantive and we expect most economies to have pulled out of recession by the end of this quarter,” Millard says. "Recent positive news from the banking sector has raised hopes that the worst of the banking crisis is behind us." Millard says equities have ...