Liddle sees dollar as drag on the FTSE

With 86% of the FTSE 100's earnings generated overseas, Sam Liddle of Miton Investments expects the UK index to fall in the light of continued dollar weakness. He feels the current equity market bounce is the top end of a bear market rally, rather than the beginning of a bull market. For this reason the group's fund of funds have portfolios with a very low correlation to the performance of the US equity market. In January this year, Sam Liddle, formerly of Legg Mason Investors, joined the specialist fund of funds boutique Miton Investments. Liddle's departure from Legg Mason involve...