sector analysis

Reinhart and Rogoff's study of 250 past financial crises over the last 800 years found public sector debt increases on average 86%, growth takes 4.4 years to recover and real estate six years.

Investors seeking growth opportunities in the UK equity market are becoming increasingly frustrated by talk of a double-dip recession, rising political uncertainty and bearish expectations.

After a difficult 2009, 2010 has started well with many firms growing their dividends by more than expected.

BONDS

ON EUROPE

ON ASSET ALLOCATION

Value in areas that offer both recovery and growth potential.

Current monetary policy will have to end soon

Patience and stockpicking key to taking advantage of inefficiency.

Japanese equities the positive in a country with a negative outlook.