Out and out growth investing not necessary for consistent returns

While there will be a resurgence in the UK economy this year, it will not be a sharp bounce or V-shaped recovery, but slow and steady. Although we do expect the UK stock market to advance this year, the improvement will not be significant ' at the absolute maximum, I expect that the All-Share will move ahead by 8%-10% by the end of 2002. The biggest risks to the market are more Enron-type shocks, which would undermine investor confidence, or further terrorist attacks. Providing these do not occur, the outlook for the UK stock market is reasonably positive. The main contributor to t...