Whittaker upbeat on UK market

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STEPHEN Whittaker, New Star joint chief investment officer and manager of the £593m UK Growth fund, has struck a more upbeat note than many commentators on the prospects for the UK market in 2007.

Speaking at New Star's January Investment Conference, Whittaker said a series of facts and figures provided evidence of buoyant conditions. Speaking before the latest figures showing inflation measured by the retail price index had reached 3pc – surprising most economists – Whittaker said the interest rate environment was more stable in 2007 than it had been throughout much of the last century, which went hand-in-hand with inflation being under control. The manager, whose fund returned 68.27pc over three years, ranking it 37th in the 338-strong UK All Companies sector (bid-to-bid, accordi...

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