Large cap buying opportunity

markets forum

global recovery leads investors to accept equities will begin to outperform bonds again

Only a year ago few investors were interested in equities, much less large cap stocks, but the sector is beginning to return to favour as investors accept that equities will once again outperform bonds. Richard Moore, manager of Old Mutual's Select Large Cap fund, says despite a slip in January, the global synchronised recovery coming through is a favourable backdrop for large cap stocks through 2004. For Moore, the two key issues for the FTSE index so far this year have been a significant amount of selling from one Scottish institution dumping and selling trades through the market, and ...