Hargreave turns bullish for first time since crisis

Marlborough's Giles Hargreave has reversed his notoriously bearish stance on equity markets for the first time since 2008, telling investors now is the time to be fully invested.

Hargreave is running his lowest cash weighting since 2004, during the last bull market, taking it from 10% to 2%. The Hargreave Hale CEO put his cash pile into the market at the start of the year in the view the economy has reached an inflection point, with corporate earnings robust despite the myriad of dangers posed by the eurozone. He said: “My attitude towards markets has completely changed and I think now is the time to be fully invested in equities. “The US economy is strengthening and a decline in Chinese inflation will lower interest rates in the region, while UK corporate result...