Holliman: quality companies despite moderate US growth

FUND MANAGER FOCUS

Threadneedle American manager invests across the market-cap scale in US from UK base

Where do you see US markets heading over the coming 12 to 24 months? Although I have concerns about US economic growth, and overall corporate profit growth will likely decelerate sharply over this period, we continue to find some very good value. Our portfolios are full of businesses with high single-digit free cashflow yields, rock solid balance sheets and good opportunities to grow profits even if US growth is tepid. Some commentators foresee sluggish growth in the US economy, and equities. Could emerging markets could be a better bet? That is certainly the consensus, which suggest...