UK companies optimistic as M&A activity picks up

ON UK GROWTH

NEIL VEITCH, manager of the SVM UK Opportunities fund on UK Growth

Markets lurched downwards in June, only to rebound strongly in July. August saw another decline, although at the time of writing, this has been almost fully reversed in September. What can this pattern of returns tell us about the state of the market and the underlying economy? Unfortunately, after all that build-up, the answer is not a lot. To be blunt, investors remain confused. Both bulls and bears can rely upon very persuasive arguments to justify their respective positions. As a result, investors remain cautious, with many long funds hugging their index and hedge funds running very ...