Smith & Williamson's Burns positive on Europe, Japan and US

Burns is manager of Smith & Williamson's £28m multi-manager Global Investment fund, £11.09m Cautious Growth fund - both funds of investment trusts -, and is also co-manager of the £34m Smith & Williamson multi-manager Endurance Balanced fund, a fund of open-ended funds. He said he is still overweight equities in his portfolios, despite the strong rally that markets have enjoyed over the past six months. In terms of regions which have good investment potential, he said Europe and Japan "look interesting on valuation grounds". He also sees positive signs coming from the US. "Although...