A US market recovery will not occur until "well beyond 2009", though when it does happen it will be mega cap stocks that lead the way, according managers at SWIP.
The firm's bottom-up research process has identified a selection of companies which it says are in a good position to benefit from a recovery in the longer-term because of their global reach. These include: Emerson, Colgate Palmolive, Microsoft, Hewlett Packard and Cisco. "Bigger is better when looking at a US market recovery," says Simon Moss, co-manager of SWIP North American fund. "We are currently analysing large global companies which have exposure to emerging market economies such as China. We are expecting these companies to do better relative to the market over the next year a...
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