Merrills sees attitude change

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By Robert Stock Investors need more realistic views on returns as risk premiums on equities are at ...

By Robert Stock Investors need more realistic views on returns as risk premiums on equities are at historically low levels and return on cash invested is also in decline, according to Merrill Lynch Investment Managers. Ewan Cameron Watt, head of UK strategy, told intermediaries to expect a change in investor sentiment if world equity markets return negative growth for the third successive quarter, a situation not seen since the bear market of 1973. He said: "It has not been a particularly easy year to make money and there is no reason to assume it is going to get any easier this year, ho...

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