In this edition:
- The fundamental backdrop for equity markets is improving, in spite of concerns around changes to Fed monetary policy and the impact on the wider market.
- After decades of growth stocks leading the markets - principally technology, in valuation terms there are potentially more attractive opportunities within the unloved “value” areas of the markets, such as energy and industrials.
- A diminished near-term risk of a Scottish independence referendum coupled with a favourable UK economic background has helped UK stocks outperform their global peers.
This article was previously published on Tilney prior to the launch of Evelyn Partners.