Bull or Bear?

Written by Citywire

April, 2020

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Bull or Bear? How wealth managers are forecasting UK equities during these turbulent times

Citywire conducted these interviews on March 5th, two weeks into the extreme market volatility that continues to surround us.

To help give some perspective, we’ve gone back to our wealth managers to see how they view the markets now.  You can see what they say below


My opinion on UK equities was grounded in attractive valuations relative to the rest of the world and I think this remains the case.

Whilst the events of the last few weeks have no doubt transformed how societies and markets will function in the short term, I have faith that the UK economy will navigate this crisis as it has done those in the past. – Damien Testi, Walker Crips

It remains to be seen just how much the economic landscape will change as a result of Covid-19, some sectors may well be disrupted forever and some companies may not survive. However, in their place innovative UK companies will take market share as they grow into a resurgent post-virus economy, whilst indiscriminate selling has provided opportunities for investors to pick up high quality British businesses at attractive valuations. The volatility will remain until the point at which global leaders can prove they’ve begun containing this virus, but for brave investors able to stomach short term volatility, long term returns have great potential. – Luke Fizia, Campbell Munro

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