Global growth requires careful selection

clock •

Investment trust managers in the global growth sector are looking to private equity, hedge funds and emerging markets to provide better opportunities than expensive assets in the US, UK and Europe.

Speaking at a roundtable organised by the Association of Investment Trust Companies Scottish Value Trust manager Colin McLean has said share valuations in the US “appear unatractive”. Monks Investment Trust manager Richard Burns says current fiscal and monetary policies cannot be followed much longer with high GDP growth figures and record government deficit spending. ”US interest rates are going to rise and the economy grow more slowly, which is unlikely to be good for profits or an American market which remains expensive by past standards,” he says. Burns sees poor US performance k...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment

Why managing retirement risk matters more than predicting markets

Why managing retirement risk matters more than predicting markets

'Helping clients understand, prepare for and navigate uncertainty'

Andy Brown
clock 12 November 2026 • 4 min read
Solving private markets risks 'almost mission impossible'

Solving private markets risks 'almost mission impossible'

Julius Baer’s Cyril Demaria-Bengochea speaks to Professional Adviser

Sophia Panayi
clock 12 November 2026 • 3 min read
Anthropic bankers preparing to increase IPO valuation to $1.5trn – reports

Anthropic bankers preparing to increase IPO valuation to $1.5trn – reports

Draft prospectus filed on Tuesday

Jack Roach
clock 11 November 2026 • 2 min read