Professional Wealth Managementt

By PWM Editor

Insinger issues a word of caution to equity investors
Amsterdam-based private bank Insinger de Beaufort has gone against the grain with a cautious note to European equity investors. “The consensus view is built around the fact that interest rates are likely to rise in the second half of 2004. But the expectation of rate rises will have more effect on equities than the actual increase,” said Dave Williams, fund manager at Insinger. Despite this, Insinger prefers European to US markets. Oil services and equipment stocks are favoured. Insinger uses funds from Odey Asset Management, JO Hambro Capital Management and Thames River Capital.

 

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