UK equity markets are already pricing in a recession that is unlikely to happen, according to Ashley...
UK equity markets are already pricing in a recession that is unlikely to happen, according to Ashley Willing, fund manager of the Gartmore UK Focus fund. He says the market is looking cheap in comparison to what he sees as an expensive bond market. He says: "This is an ideal time to buy quality companies at low valuations." Willing is adamant that the UK will avoid recession because he believes the interest rate cuts will be very effective. "Interest rates have a profound effect on the equity markets," he admits. "The cuts that have taken place already here and in the US and thos...
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