Govt finances prompts 7IM duo to abandon gilts and go overweight equity

Justin Urquhart Stewart and Tom Sheridan discuss their main concerns going into 2010

7IM has the lowest exposure to gilts it has ever had in its portfolios on the back of concerns at the state of UK government finances and the British economy. But for directors Tom Sheridan and Justin Urquhart Stewart, all is not doom and gloom, despite their worries about the health of the global financial system. The pair are overweight equities and have reintroduced property into their funds for the first time in two years. What is going to happen in 2010? Justin Urquhart Stewart (JUS): One encouraging thing we should all remember is in fact the global recession is over. After all...