IFAs turn backs on Wall Street

According to an IFAonline straw poll, only 9% of advisers expect the US market to emerge strongest from the recent credit crunch. Almost four in ten (39%) advisers believe the UK will be the best performing global market, followed by Asia on 34%. Revealingly, the results also showed 8% of IFAs feel no global market is attractive, again perhaps influenced by the global credit crunch. Martin Bamford, joint managing director of Informed Choice, says investors were losing interest in American equities before the credit collapse emerged. “There was nervousness in the US long before the c...