Morley overweights growth stocks

clock

By Leo Bland Morley Fund Management is overweight technology and growth stocks in the US on a six to...

By Leo Bland Morley Fund Management is overweight technology and growth stocks in the US on a six to 12 month view, despite the sector's outperformance last year, and has cut weightings in cyclical stocks. US equities gave a return of 20.6% in 1999, compared with 28.3% for the FT/S&P World index. Against this the average S&P 500 stock saw a fall of 1.4% last year and the return on the S&P 500 index excluding technology was 2.5% compared with 19.5% for the index as a whole during last year. Charles Brand, head of global equities at Morley, CGU's investment arm, said: "The pace of econom...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •