IFAs to stand by UK equities this year

A survey of 904 IFAs at January’s Joint Investment Forum shows global and European stocks fall behind UK securities, with 77% and 65% of advisers respectively recommending them. Errol Francis, UK equity fund manger at Schroders, says: “We think the market is offering reasonable value at the moment. There are clearly a lot of concerns about the global economic outlook and that’s exemplified by the concern about banks. In a lot of areas a recession is already priced in and for longer term investors there’s value in the market but in the short term it’s volatile.” The results contradict...