Investors urged not to write off US stocks as Nasdaq rises

Investors who write off the US will do so at their peril, fund managers have warned. Terry Ewing, fund manager of head of US equities at Resolution Asset Management, points to the fact the Nasdaq is up by 15%. He says dollar returns have been reasonable and supported by better corporate growth than many expected. And Felix Wintle, fund manager for the Neptune US Opportunities fund, is similarly bullish. He says: "The US is still the most powerful economy in the world and other economies rely on it. The US economy is 70% consumption so it is important that the consumer stays stable but s...