Global equities fund managers cautious about 2005

Managers of global equities funds are cautious on the prospects for the rest of 2005, with concerns ...

Managers of global equities funds are cautious on the prospects for the rest of 2005, with concerns including rising interest rates, the high oil price and a fall in the US dollar, according to research by Standard & Poor's. Alison Cratchley, fund analyst for S&P, believes many are also worried about a rise in bond yields and slowing corporate earnings. She said some managers think growth and large cap in particular will return to favour in 2005. "A number of managers specialising in small caps believe market leadership could shift away from cyclical sectors towards more growth oriented...