Neptune fund boss talks up US 'powerhouse'

Wintle said the market is not expensive on valuations of around 16.5x earnings and, despite the weak dollar, he believes that the US economy is more robust than commentators imagine, with low unemployment and inflation in check. While emerging markets have become a more attractive investment proposition for some, Wintle added that the rise of these markets benefits the US, with many companies listed on the S&P 500 having a key role in the fast growing BRIC economies. Although many fear the impact of a prolonged downturn in the housing market, Wintle believes this will not affect consumer...