Where now for UK equities?

ON UK GROWTH

Royal London Asset Management's Derek Mitchell assesses UK equities' near and long-term prospects.

The debate continues as to whether the current market rally has legs, or whether we should be locking in some profits. To what extent do participants trust what they have seen so far? In the 1980s, when youth was on our side and the equity rally was properly under way, you kept buying because the market kept rising. Today the opposite is true – fear and suspicion are driven by a significant group of participants who have never seen a bull market. The past decade in equities has taught them to trust nothing and not miss any chance to take profits. Few if any of that generation trust...