View more on these topics

Apollo puts positive spin on QE2

Apollo Multi-Asset Management is taking an optimistic view of further quantitative easing in the US.

The firm thinks a belief in the Federal Reserve’s injection of cash and increased confidence among investors will make the second round of QE work for the US.

Fund manager Tom McGrath says it may sound clever to take a cynical view but he believes more QE will lift global growth so that US corporate earnings and dividends follow, particularly if job creation gets going.

But McGrath expects Europe and the UK to struggle. He was surprised that European small caps performed well this year and says they were helped by a weak euro.

McGrath’s Apollo balanced fund has little exposure to smaller companies and only one European holding, the Ucits III compliant Schroder Gaia Egerton European equity fund, but he has no immediate plans to increase European exposure.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com