Large-cap growth shares will provide the best returns in the next 12 months, equities will outperform bonds, cash and commercial property and the FTSE 100 will end the year above 6,000. This is the consensus of the Adviser Fund Index panellists, according to the first AFI mid-season questionnaire.The vast majority of panellists expect the three AFIs to increase from their current values by the end of 2006. The average predicted end-of-year value for the Aggressive AFI is 141.1, up by 1.7 per cent from its August 17 level. Corresponding predictions for the Balanced and Cautious indices are 136.7 and 128.7 respectively, equating to a rise just shy of 3 per cent for both indices. Ben Willis, head of research at Whitechurch Securities, says: “Given levels of risk aversion, the more defensive and bigger companies should perform well. Utilities, tobaccos and banks should do better while autos and other cyclical sectors may not perform.” A small minority of respondents were not so upbeat about prospects for equities, with one panellist predicting all three indices to end the year with a value of 124. The panellists are generally confident about the prospects for Japanese equities, with 43 per cent of respondents predicting that Japan shares will outperform all other global regions over one and three years. Japan’s economy is expected to grow more strongly than the other major developed countries, with half the panellists expecting GDP growth to be greatest in Japan over the next 12 months. The AFI mid-season questionnaire was sent to all 18 panellists on July 28, 2006 and is broadly split into two sections – views on financial markets and AFI portfolio recommendations. The results are based on responses from 14 panellists. These are are Allenbridge, AWD Chase de Vere, Bates Investment Services, Bestinvest, Charles Stanley, Chelsea Financial Services, Christows, City Asset Management, Dennehy Weller, Gerrard Financial Services, Killik, Origen, Thinc Destini and Whitechurch Securities.
WPA is doubling its discount for health and dental plans bought online from 10 per cent to 20 per cent. The discounts apply to premiums quoted for Providential, mini-cashplan and XS health as well as flexible health, flexible health freelance and professional health PMI plans.
Industry figures want more innovation to drive forward the Home Buy scheme and shared ownership in general. At the Cicero Consulting summit, John Charcol senior technical director Ray Boulger said lenders should make more of the opportunity to offer investment vehicles such as Reits alongside shared-ownership lending services. Morgan Stanley chief economist David Miles said […]
Key Retirement Solutions has announced a partnership with Intrinsic Financial Services for equity release referral business.Intrinsic says it wants to ensure the best possible advice for their clients and has chosen Key Partnerships 300-plus advisers.Key business development director Dean Mirfin says: We are delighted that Intrinsic has chosen Key to supply its advisers with an […]
John Pattullo’s Henderson strategic bond fund illustrates the wide variety of holdings available to the fixed-interest manager and its performance is testimony to his skill
Value stocks have significantly underperformed growth stocks in Europe in the past decade. However, Rob Burnett, manager of the Neptune European Opportunities Fund, believes we are now approaching an inflection point. Watch the video below to find out more. In the video, Rob discusses: How low inflation and loose monetary policy since the global financial […]
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