Mergers lead to greater concentration in index

After a 10.41% year to date fall in the FTSE 100 growth manager are now confident of a rebound in its fortunes. Eric Moore, UK fund manager at Gartmore, believes the outlook for equities is positive on a 12 month view. He says: "Interest rates may have to go up before they go down. Growth is slowing but is still positive, inflation is under control and the fiscal position is very strong. The economy is in good health and compared to previous cycles is very benign. It is supportive for equities both in the UK and abroad." Jeremy Rigg, UK equity portfolio manager at Investec, agrees the 12...