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Investments analyst bullish about UK shares
Wed, 11 Apr 2007
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.

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