Equities to benefit from credit crisis in long term - OMAM

Tracey Lander, the Old Mutual Global Dynamic and Select Managed fund manager, says the crisis forced central banks to lower rates and inject cash into the markets. “In keeping with the adage that every cloud has a silver lining, the sub-prime fears that resulted in the turbulent market conditions of July and August could ultimately benefit global equities as they also prompted a reappraisal of the interest rate outlook,” she says. Lander believes the current uncertainty presents buying opportunities, with the prospects for the Europe excluding UK sector “particularly favourable”. Asia is...