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You are here: Announcement

Worries over pace of global recovery

By Lora Coventry
Thursday March 18, 2010 at 10:15

Trevor Greetham, portfolio manager of Fidelity's Multi Asset Funds, has trimmed his overweight positions on commodities, equities and property as he expects growth led indicators will start to fall.

He says longer term stock market fundamentals remain attractive, with ample spare capacity in the world economy and effective policies in place to fill it.

"Global growth is going to be very strong in the first half of 2010 but markets will become increasingly worried about a double dip as the pace of recovery moderates. More often than not, stocks under perform bonds between the peak in the OECD indicator and its next trough, which could be anything up to 12 months from now," Greetham says.


Do you think the FTSE 100 will hit a record high this year?




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