Bullish SIG begins 2010 overweight equities

Skandia Investment Group (SIG) has started the year overweight equities in expectation of a continuing market rally in 2010.

SIG chief investment officer James Millard believes while the last year's positive run for equities will continue, it will do so at a more subdued pace than in 2009 - with emerging markets continuing to outperform the developed world. "Global equities have begun the year on a strong note," Millard says. "Markets continued to rally into 2010 on the back of very low interest rates, modest valuations and an economic recovery that is appearing more sustainable. "Central banks continued to indicate that interest rates would stay very low for some time, while economic growth picked up in ma...