Barnett on the future for his Invesco Perpetual Income holdings

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Invesco Perpetual's Mark Barnett says uncertainty about the strength of economic growth in emerging markets, especially China, is still proving a headwind to global growth and influencing his portfolio choices.

The UK stock market concluded the first quarter of 2014 in negative territory, despite the improving news on the UK economy at the macroeconomic level. The Chancellor's upbeat assessment of the economy in his Budget speech was more than offset by concerns over the outlook for emerging markets, most notably China. However, at a corporate level, there was negative newsflow for two UK sectors. Life insurers were impacted by an announcement in the Budget which removed the rule requiring the mandatory purchase of annuities. Food retailers were hit by deteriorating sentiment towards the ...

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