Financial advisers are becoming increasingly bullish on the UK stock market's prospects as the domestic economy shows signs of improvement, according to FE.
IFAs who sit on the FE Adviser Fund Index panel recommended increased exposures to UK equity for investors of all risk appetites in the August 2013 twice-yearly rebalancing. Panellists also advised cautious investors to scale back on fixed interest. The FE AFI Aggressive Index increased its UK equity exposure to 31.18% in the August 2013 rebalancing from 28.80% six months ago, in reaction to increased consumer spending, rising house prices, and an improved outlook for UK PLC. Several UK equity funds featured within the top 10 fund picks for aggressive investors, in order of prefere...
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