Managers finding plenty of opportunities in the US market, although little consensus on macroeconomic background

Speakers at recent IW US focus event launch staunch defence of American market, arguing against traditional UK investors adages concerning region

UK investors find plenty of reasons not to invest in the United States and continuing fallout from the sub-prime crisis is the most recent of these. It joins the old adages that: what you gain on the market you lose on the currency, the US is fundamentally too expensive, leadership is moving to Asia and it is almost impossible to find a manager who can outperform the S&P 500 consistently. As of the end of January, the North America sector had combined assets of £14.2bn sterling, against £100.8bn sterling for the All Companies Sector, £32.7bn for Europe and £29.7bn for Global Growth. ...