Market expectations are too gloomy

By Andrew Milligan, head of globnal strategy at STandard Life Investments Stock market investors are feeling battered and bruised after three years of falling markets. However, managed fund investors have been protected to some extent by the cushioning impact of bonds and property. These asset classes delivered solid returns as equity markets buckled and that diversification has partially offset the weakness in stock markets. We have reached a point in the cycle at which investors are starting to consider the strength and timing of a revival in stock markets. We have seen a r...