F&C positive about equities

Even though equity markets are approaching three-year highs, Tony Broccardo, chief investment officer at F&C Investment, believes this is still the time to invest in the asset class. He said: "This year's decline in bond yields has left them looking expensive and vulnerable to any improvement in the economic outlook. We anticipate US manufacturing and employment data to surprise on the upside. We are expecting equities to revert back to the top of the trading range they occupied earlier this year, with Japan and Europe set to perform positively." In Europe, Broccardo thinks three factor...