Election 2010: Managers say markets will remain resilient through campaign

clock

High-profile fund managers have labelled the upcoming General Election as "irrelevant", believing any result will do little to derail the UK stock market's strong recovery.

With Gordon Brown announcing a 6 May Election date this week, many investors remain concerned about the impact scenarios such as a hung parliament would have on equities and the broader markets. However, Schroders' head of UK equities Richard Buxton says, despite a consensus view suggesting rising gilt yields and falling equities in the lead-up to the polls, he expects the surprise scenario of a market "quietly ignoring" the campaign. "As markets traditionally hate uncertainty, it would be no surprise if equities were indeed nervous and weak ahead of the Election. But the Election is ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Trump's presidency and tariffs: Advice industry shares views

Trump's presidency and tariffs: Advice industry shares views

‘Stark raving mad’ but ‘great’ for US firms

Isabel Baxter
clock 18 February 2025 • 4 min read
Five-fold surge in advisers buying gilts for clients in 2024

Five-fold surge in advisers buying gilts for clients in 2024

AJ Bell finds 436% increase in gilt purchases on its Investcentre

Isabel Baxter
clock 10 February 2025 • 1 min read
Bank of England cuts interest rates by 25bps to lowest level in 18 months

Bank of England cuts interest rates by 25bps to lowest level in 18 months

First MPC meeting of the year

Sorin Dojan
clock 06 February 2025 • 3 min read