An
investments analyst has commented on the outlook for
UK investments following the recent
stock market volatility worldwide.
On February 27th 2007,
stock markets across the world slumped after the Shanghai
Stock Exchange composite index dropped 8.8 per cent in a
day.
In the UK, for example, the
FTSE 100 fell 2.34 per cent, while the
FTSE 250 dropped 3.72 per cent over the same period of
time.
Tim Rees, UK equities
portfolio manager for
investments specialist
Clerical Medical
, acknowledged that the UK had experienced significant
fluctuations over the past few months.
However, he moved to reassure people with UK investments that they
should still see returns increasing over the longer term.
UK companies are still generating healthy profits and
UK shares are good value, he said.
Its [the UK equity market's] growth prospects remain
solid and valuations are less challenging given the large component
of overseas earnings.
The
London stock exchange is one of the largest stock exchanges in
the world, behind the
New York stock exchange and the
Tokyo stock exchange.
