It will pay to be bullish in 2011, says SWIP head

Market bulls will be the winners of 2011 as a number of factors will push global equities higher, according to SWIP's Mike McNaught-Davis.

The head of international equities says although eurozone debt will knock sentiment and Chinese inflation will remain a concern, he is optimistic on the prospects for equities next year. "Evidence should start to emerge that the bitter medicine taken by economies in the developed world, including in Europe's periphery, is working. The private sector is also likely to emerge from its downturn, driving growth. "SWIP expects market bulls to come out on top as attractive fundamentals - notably cheap valuations, low interest rates and renewed growth - push equities higher," he says. Mea...