BlackRock

INVESTMENT TRUSTS

VINCENT DEVLIN

ON EUROPE

Invesco Perpetual's Neil Woodford is one of a trio of highly regarded managers appointed to run balanced managed unit trusts for St. James's Place.

BlackRock's Bob Doll believes equities could face a period of profit-taking in the near term due to the fallout from the Goldman Sachs charge and various signs of excess in the markets.

Last week saw major indices hit 18-month highs with many now comfortably sitting at pre-crash levels.

After beginning his investment career around the same time Ronald Reagan was elected to the White House, one could easily assume Bob Doll had very little left to learn in the fund management industry.

St James's Place has launched three new funds, picking industry heavyweights such as Mark Lyttleton and Jonathan Asante to run the mandates.

The global recovery is well in line with forecasts for 2010, 2011 and 2012 looking for growth of around 4% in each year.

This week's panel discusses European equities and the impact of the Greek tragedy