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UK and European Equities - October 2013

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    Approx.50min

    Introduction

    This is feeding through to the corporate sector and making equities more popular. Stock markets have been performing strongly over the last few months and experts are beginning to ask whether we are about to enter a bull market.

    The FTSE 100 has risen by 100 per cent over four and a half years, and fund managers believe that more gains can be achieved from UK equities.

    There are several reasons for this, not least the lesser returns from other assets, as bond yields rise, and other types of investment do worse. In addition to the general economic improvement, technological change has yet to be commercialised and equities have proven to be a useful hedge against inflation.

    In Europe, equity funds are also seeing the benefit of positive investor sentiment. Flows into European funds are rising, against a drop in funds moving into bonds.

    European large-cap was the most popular Morningstar fund in the month of August, with more than £1bn moving into them.

    Investor sentiment towards eurozone stocks appears to have changed; the exception seems to be UK large cap funds, some of which have been suffering outflows.

    As European and UK economies start to shake off the after effects of the recession, so investors can take a serious look at these funds and make a serious case for getting back into them.

    Melanie Tringham is features editor of Financial Adviser

    In this special report

    CPD
    Approx.50min

    Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

    1. What did real UK equity returns average during the ‘structural bear market’ between 1969 and 1981

    2. How much has the FTSE risen in the four and half years since its March 2009 low?

    3. What had the average price-to-earnings multiple in the UK equity market fallen to by the end of 2012?

    4. What was the average loss across European large-cap blend funds in August?

    5. What has been the gain on the Euro Stoxx 50 index so far this year?

    6. What value of redemptions did UK large-cap blend funds suffer in August

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