Defensive sectors set to lose their allure

Professional Adviser
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By Jonathan Groom, a fund manager at Rothschild Asset Management It has been a long, hot summer ...

By Jonathan Groom, a fund manager at Rothschild Asset Management It has been a long, hot summer for global equities. Markets around the world have fallen back in the face of worries the US economy could be teetering on the brink of recession, a raft of profit warnings across the major markets and the possibility of war with Iraq. Although, for the moment, the worst of the economic worries appear to be confined to the other side of the Atlantic, as well as the other side of the Channel, the UK market continues to trade in thrall to Wall Street. We view the performance of the UK...

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