Fidelity's Greetham defies analysts' gloomy forecasts

Expecting a "V" shaped recovery over the next six-to-12 months, Trevor Greetham has been buying industrial stocks and has also increased his exposure to commodities to the same level as equities. He is confident the recent commodity run, driven by China's swift economic rebound, has further to go with the next phase led by the rebuilding of developed world inventories. But with inflation rising as growth returns and unemployment still rising in the UK and US, he has sold out of consumer stocks, underweighting his benchmark for the first time in a year. Greetham is also wary of the ...