PA Portfolio: How to play the UK recovery

Gary Potter Co-head of multi manager, F&C First of all, there is not much correlation between economic performance and stock markets. If the UK stock market from 2009 reflected the underlying growth in the economy it wouldn't have recovered 50% plus in the last four years. It's important to make that point: sometimes the lines cross, but they can go in different directions and that is normally what happens. However, we are looking forward to a better period for the UK economy and that leads to a number of investment conclusions. One of those is that returns from safer, defensive secto...