Bestinvest’s Jason Hollands cites emerging markets and core Europe as a good place to start next year. Supporting this view is Invesco Perpetual chief economist John Greenwood, who boldly states that “equities really are very unloved and very attractive”.
Money has already started to flow back into global equity income funds, with funds in the IMA Global Equity Income sector attracting a total of £220.6m in the three months from September to November.
But Matthew Strachan, head of North American equities at Alliance Trust remains cautious. “Income is likely to be a ‘battleground’ in equity markets next year,” he adds.