M&G backing equities

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CIO theo zemek expects global growth to slow to 2.2% next year and market to rebound

The global recession will be short and sharp, with markets recovering by the end of second quarter next year, according to Theo Zemek, chief investment officer of M&G International. Terrorism is not new to the world and the events of 11 September are unlikely to change market forces significantly, she said. Speaking at the Glasgow Inside Investment roadshow, sponsored jointly by M&G, Schroders, Invesco Perpetual and Aberdeen, Zemek told intermediaries that the world, post the terrorist actions, is not vastly different than it was a few weeks ago. Looking back over the past century, Z...

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