Positive Signs for UK Investors

Global economic growth will be sluggish for the forseeable future, says Franklin Templeton's Ben Russon - but the UK is a bright spot on the horizon

Franklin Templeton Investments 19 November, 2015 | 3:01PM

Morningstar's "Perspectives" series features investment insights from third-party contributors. Here, Ben Russon, Portfolio Manager of the Franklin UK Opportunities Fund, says even if we see interest rates start to rise in the UK and US, the respective economies—and equity markets—seem equipped to absorb the consequential changes.

While 2015 has proven to be a fairly testing year, we think the UK economy continues to display signs of strength, certainly when compared with other developed economies. Investors around the world are coming to terms with the likelihood that markets are operating in an environment where global interest rates and growth rates are likely to be ‘lower for longer’. In many ways, it’s a continuation of conditions that investors have been dealing with for a number of years now; however, we think there are some more positive notes to focus upon.

The UK housing market, which is an important bellwether for both consumer sentiment and economic activity, has been very robust

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About Author

Franklin Templeton Investments  is one of the world's largest asset management groups, offering UK investors a range of over 80 funds across different market sectors.

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