Global growth requires careful selection

Speaking at a roundtable organised by the Association of Investment Trust Companies Scottish Value Trust manager Colin McLean has said share valuations in the US “appear unatractive”. Monks Investment Trust manager Richard Burns says current fiscal and monetary policies cannot be followed much longer with high GDP growth figures and record government deficit spending. ”US interest rates are going to rise and the economy grow more slowly, which is unlikely to be good for profits or an American market which remains expensive by past standards,” he says. Burns sees poor US performance...