Stocks able to perform despite belt-tightening

ON UK GROWTH

PSigma's Neil Cumming says stockpickers can perform despite the delicate state of the economic recovery.

While the UK government’s meaningful ‘belt tightening’ has addressed the Budget deficit, the economic recovery is still delicate and interest rates are likely to stay at low levels. Elsewhere, the markets are faced by the uncertainty of the fate of the euro, the second tranche of US QE along with the threat of possible deflation or inflation driven in part by food and energy costs. Our core assumption of global population growth remains. So our fund is seeking companies that can prosper in macroeconomic conditions helped by their own competitive position. We are seeking a balance betw...