F&C ups equity exposure in Lifestyle range

F&C's Paul Carne has taken an overweight equity position across his four-strong Lifestyle range.

The fund manager says with bond yields persistently low, equities offer better scope for returns. His funds are about 3% overweight equities, while bonds and cash have moved from neutral to underweight positions. "Equities look to offer high single digit returns circa 7% to 10% over the next few years depending on the market," he said. "Meanwhile corporate bond yields are between 4% to 4.8%.With inflation at around 4% they look like a less good bet. "We are still in the camp which says we are in a recovery and given that, risk assets should perform over the next few years. There is...