Managers tout equities as assets to watch in the next 12 months

Equities will be a top performer during the next 12 months, fund managers are predicting. Steve Cleal, head of strategy and asset allocation at Morley, believes equities will perform better than bonds and cash, despite negative factors such as recent concerns about a slowdown in the US. He says: "One of the big uncertainties currently is the pace of economic activity, particularly in the US. We believe growth there will slow down but remain positive so we do not believe there will be a recession over the next 12 months. That means the Federal Reserve can cut interest rates and that shou...