Standard adopts pro-equity stance in UK, European and US markets

Standard Life is overweight the UK, Europe and the US in its defined contribution Pension Managed fund in the belief that there will be a strong economic recovery next year. Stephen Acheson, head of UK pensions at Standard Life, added that the £5.5bn fund is underweight Japan, with a 3.7% weighting and is also underweight bonds and cash which make up 12% and 5.1% of the portfolio respectively. Acheson said: 'We have a pro-equity stance at the moment and what we see at the present time is that the favoured markets are the US, UK and Europe on the back of the fact that we think there will...