PHILIP Saunders, co-manager on the Investec Managed Growth fund, believes the recent interest rate rise has not benefited the UK equity market.
Saunders, who runs the £47.66m fund alongside Max King, said the increase to 5pc was a deterrent to investing further in the UK, although it will not mean the portfolio reduces its weighting. “The rise...
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Industry Voice: One of the most serious problems with GDP is that it fails to measure the impact of economic growth on the planet's finite environmental resources. As economist Kenneth Boulding once put it: "Anyone who believes that exponential growth...