Doel: How to play global growth through the UK stock market

ON UK INCOME

F&C's Phil Doel explains how investors in the UK's equity markets can take advantage of improving trends in global economic growth.

Global economic growth (ex-Europe) looks reasonable. The US economy is now growing at around trend rates and the recent US Senior Loan Officer Survey suggests this is broad-based and being financed by a working banking system. There has been a noticeable slowdown in Chinese growth, but this appears to be being managed toward current targets of around 8%, despite the country’s leadership changes this year, which is still an encouraging figure. The move from fixed asset investment to consumption in China is a longer term trend and will take time. Other Asian economies are also showing...