Morley to favour Asia

By Mohamed Ali Bernat Morley fund management has predicted a convergence of economic growth rates as US and UK short rates look close to peaking. Gerald Holtham, Morley's chief investment officer, admitted he had predicted the same thing a year ago but was sticking by his belief that US economic growth would slow to a soft landing with the UK providing a good defensive play and Europe a positive long-term story. Jeff Currington, Morley's head of European equities, said Europe's GDP growth is expected to be 3.5% by the end of the year, above what has been seen in the past few years. He ad...