Mott predicts sea of change in how equities are valued

Investors would be foolish to ignore retail equity income funds during the coming consumer slowdown, according to Bill Mott, head of UK retail equities at Credit Suisse Asset Management. Mott's view was outlined in a speech on the likely equity investment prospects for the near future at the Investment Week Markets Forum 2003. He said there is a 70% chance the UK economy will face 'a gentle slowdown as the consumer gets glued up in his debt and goes from feeling fine to having a blocked nose'. Over several years of anaemic growth as the economy's debt burdens are worn away, equi...