Threadneedle managers stick with 2010's asset allocation calls

Threadneedle's top fund managers are standing firm on their asset allocation views for 2011, sticking with overweight equity and corporate bonds positions going into the new year.

Here, the groups's incoming CIO and team heads give their views. Mark Burgess, who is to take over as CIO from retiring Sarah Arkle, says forecasts for the US and UK are modest when you consider where they are in the economic recovery. Therefore, as economic data continues to surprise, there should be upgrades to the forecasts during 2011. "Growth remains slow and forecasts are at the low end given where we are in the cycle. I suspect there may well be upgrading, particularly in the US as the recent tax deal feeds in to the system." Leigh Harrison, co-head of equities, says share p...