Fund managers expect Labour to win

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The Independent Online
Fund managers expect Labour to win

An overwhelming number of fund managers believe Labour will win the next general election. Ninety-five per cent of respondents to the latest Merrill Lynch-Gallup survey say the party will win the largest number of seats. But although they remain optimistic about prospects for UK equities three months and one year out, fund managers are not enthusiastic about increasing their exposure to the UK market. A mere 1 per cent balance want to raise UK equity holdings compared with 32 per cent ready to increase their investment in the Pacific Basin. Hong Kong is the most favoured.

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