Woodford cautions on equities after flying start to 2013
Invesco Perpetual's Neil Woodford has suggested the FTSE All Share's bright start to 2013 could soon be derailed as the rally has not been driven by an improvement in fundamentals.
Instead the market's buoyant performance since the start of the year, during which time it has returned 12.7%, was fuelled by an abundance of liquidity, created by central bank policymakers. "In contrast...
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