With a more positive view on world equity markets, RSA Investments is retaining an underweight posit...
With a more positive view on world equity markets, RSA Investments is retaining an underweight position in the UK market. Martin Clements, director of asset allocation at RSA, says: 'On one side, UK valuations are not expensive. The UK is a defensive market and our preference at the moment is to become more aggressive in our asset allocation plays. We are not advocating a very aggressive switch but we are seeing a general move from the defensive areas into the more cyclical areas.' RSA believes there is a better chance of appreciation overseas than in the UK. Clements says: 'My own pref...
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