Economy returns to growth period

A more benign economic outlook in the US is improving UK market sentiment and supporting a rebound in economically-sensitive, and particularly interest rate-sensitive sectors. Our principal theme continues to be investment in companies and sectors likely to benefit from the stable, moderate economic growth the UK is experiencing. We believe the stock market has regained a more balanced profile, maturing from the exceptional circumstances up to the end of the first quarter where one sector, technology media and telecoms, overshadowed all others, to a position where economic and company fun...